4624 Parman 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 |
|---|---|---|---|
| Aug 27, 2025 | Sold | ||
| Sold | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| May 20, 2025 | Listed by RE/MAX MID-MICHIGAN R.E. | $3,777,000 | |
| Listed by RE/MAX MID-MICHIGAN R.E. | |||
| Nov 3, 2019 | No longer available | - | |
| No longer available | |||
| Jul 21, 2019 | Listed | $3,875,000 | |
| Listed | |||
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One of the most outstanding and unique properties available in Michigan. This huge 172+ acre parcel offers beautiful 5 bedroom, 4.5 bath custom built home and garage with unbelievable ameninities including an 85,000 watt generator system that starts ands tops automatically and runs the entire property. Two airplane hangars, landing strip, machine shop, car wash, commerical kitchen, and bathrooms, with area that can serve over 200 people for dinner, executive areas, and over 3 miles of nicely built gravel trails connecting 5 Zip Line towers with about 1/2 mile of zip lines. Deer camp and additional pole barn, and large gravel parking lot that will accommodate tour buses if needed, stocked pond with foundtain, and inground sprinklers. The manager has listed the unit size as 5093 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017