Lot 4 Riedell Road
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 22, 2020 | Sold | ||
| Sold | |||
| Sep 14, 2015 | Listed by Country Living Realty | $70,000 | |
| Listed by Country Living Realty | |||
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Beautiful partially cleared lots within one-half mile of Town yet in country.Perc and deep hole testing completed. Good perc results. Land slightly sloping to back of lot. An attached or garage under should be possible. Perimeter survey completed. Close access to Rt. 146.
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