4040 Mill Road
About This Property
Must see MLS Listing #S-1507322 ~ Lots,Land,Farms and Seasonal/Camps....for all the details of the sale.
Incredible Opportunity...TWO Parcels Totaling: 53.71 Acres, Mostly Furnished - As You See It, 2-3 Bedroom,
1 Bath, House with 1 Car Garage, Shed, 30+ Tillable Acres, Has Been Used for Summer Camp and Hunting
Season, With Scenic Views of Valley and Otselic Creek. House has
been winterized. Breakers are off. (Assessed Value is for House and 1.86 acres only ~ additional 51.86
acres are separate parcel) Taxes shown inc both parcels.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 21, 2024 | Sold | ||
| Sold | |||
| Apr 9, 2024 | In contract | - | |
| In contract | |||
| Mar 17, 2024 | Price Decreased |
$139,000
↓ $27K
(16.4%) | |
| Price Decreased | |||
| Mar 17, 2024 | Relisted | $166,250 | |
| Relisted | |||
| Feb 23, 2024 | In contract | - | |
| In contract | |||
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Address: 335 Madison Avenue, New York, NY 10017