466 CR 1602
About This Property
The property is situated at the end of a county road, providing a private and serene atmosphere that feels like being off the grid. It sits on 20.91 acres of land, which includes a mixture of woods and pasture. The property also features wildlife trails, storage building, and a great place to hunt. Providing ample opportunities for outdoor adventures.
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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 |
|---|---|---|---|
| Oct 12, 2023 | Sold | ||
| Sold | |||
| Oct 3, 2023 | No longer available | - | |
| No longer available | |||
| Jul 12, 2023 | Listed by Ramsey Realty Group | $450,000 | |
| Listed by Ramsey Realty Group | |||
| Jun 29, 2023 | Price Decreased |
$455,000
↓ $23K
(4.7%) | |
| Price Decreased | |||
| Jun 23, 2023 | Price Decreased |
$477,500
↓ $3K
(0.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017