425 + TBD Ferlet Road
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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 |
|---|---|---|---|
| Aug 27, 2023 | No longer available | - | |
| No longer available | |||
| Aug 25, 2023 | Sold | ||
| Sold | |||
| May 10, 2023 | In contract | - | |
| In contract | |||
| Apr 22, 2023 | Listed by Keller Williams Realty | $150,000 | |
| Listed by Keller Williams Realty | |||
| | |||
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Approximately 3 acres with City Water and Power! Electric service and water meter installed. Water lines run from meter to middle of property. 50amp RV electric hookup installed at septic tank on south side of property. 1 insulated and drywalled workshop and 1 enclosed metal workshop/barn.
The neighboring parcel to the North of 4 acres is also available for purchase which has irrigation rights.
| |||
| Apr 2, 2023 | Listed by Keller Williams Realty | $350,000 | |
| Listed by Keller Williams Realty | |||
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Last Updated: 5 months ago
Data Source: GEPAR, MLS# 879078
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017