Lot 406 Aycock
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 14, 2024 | No longer available | - | |
| No longer available | |||
| Jan 4, 2024 | Relisted | $84,500 | |
| Relisted | |||
| Jan 3, 2024 | No longer available | - | |
| No longer available | |||
| Oct 12, 2023 | Listed by Fathom Realty NC, LLC | $84,500 | |
| Listed by Fathom Realty NC, LLC | |||
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One of best building lot values in all of Governors Club. The largest and most private of the properties in the Morehead Forest neighborhood. Nicely elevated homesite with wonderful distance views at the extreme back of cul-de-sac. Heavily wooded site and no home can be built behind. Perfect fora walk-out lower level or whatever imaginable. Excellent opportunity for a builder looking to do spec home in Governors Club. Convenient to UNC, Duke,RDU, RTP, shopping, dining, entertainment & medical.
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| May 31, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017