4120 DEER Trail
About This Property
Zoned agricultural so bring your horses or the whole farm!
A unique property comprised of 3 lots, with 2 power poles, 2 septic systems and 2 wells. The perfect start to a family compound. Build a barn, shop or DREAM garage to utilize the second power pole, well and septic. Older mobile home on property has been given no value but can be rehabbed to use as rental opportunity or guest house.
Total 4.981 ac. Zoned AG. 2 mobile homes, 2 power poles, 2 wells, 2 septics, storage shed.
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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 16, 2019 | Sold | ||
| Sold | |||
| Jan 25, 2019 | Listed by BETROS REALTY INC | $135,000 | |
| Listed by BETROS REALTY INC | |||
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***INVESTOR SPECIAL*** 2 mobile homes, 2 wells, 2 septic systems and 2 power poles on 3 lots. Total acreage 4.981, Zoned AG, Being sold AS-IS. Plenty of room on third lot for an additional home.
1998 Mobile home with wrap-around porch needs TLC, would make great first home or rental.
Older mobile home on property has been given no value and needs full rehab- could be used for investment or guest house.
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| Aug 18, 2018 | Listed by BETROS REALTY INC | $169,000 | |
| Listed by BETROS REALTY INC | |||
| Mar 19, 2008 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017