4200 Pennington Road
About This Property
Absolutely gorgeous rolling ''Multi Use'' Land for sale just south of Clinton and just north of Tecumseh on a paved country road.
This property is prime tillable acreage as well as being a great location for possible future housing, and also being a perfect investment property from many viewpoints.
This is private property so please do not trespass on this land. We are happy to take you for your private tour. Thank you.
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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 |
|---|---|---|---|
| Nov 1, 2024 | Sold | ||
| Sold | |||
| Oct 23, 2024 | Listed by Michigan Whitetail Properties | $560,000 | |
| Listed by Michigan Whitetail Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017