Lot 461 Old Wendell Road
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 |
|---|---|---|---|
| Dec 13, 2013 | Sold | ||
| Sold | |||
| Oct 4, 2013 | Listed by Yankee Realty | $59,900 | |
| Listed by Yankee Realty | |||
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Land of the Tall Trees. Just a 7 minute scenic drive from Route 2. Over 27 surveyed acres of mixed hardwoods and evergreens. Build your home with wood from your land and then heat it with your own firewood. Or harvest timber and then enjoy the wildlife and sunset views. Good cell service: 3-4 bars (Verizon). Great location for an off-the-grid or grid-tied solar-powered home. Keep most of the 27 acres under Chapter 61 and enjoy low property taxes. Current taxes $22/year! Old road leads into property. Access road at frontage needs repairs, buyer should confirm status with Town of Northfield.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017