4666 CEDAR POINT 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 |
|---|---|---|---|
| Jun 17, 2016 | Sold | ||
| Sold | |||
| Feb 6, 2015 | Listed by RE/MAX UNLIMITED | $900,000 | |
| Listed by RE/MAX UNLIMITED | |||
| Jul 12, 2014 | Listed by WATSON REALTY CORP | $650,000 | |
| Listed by WATSON REALTY CORP | |||
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Investment diversity explains this property. There is a total of 32.94 high and dry acres broke up into various income producers. First the main home is a 2 bed/2 bath that needs some TLC but could be rented. There are 5 mobile home lots that are currently rented and 1 double wide owned that is rented. There is a 20 stall main barn and 4 stall separate barn with about 20 acres of pasture currently leased to a horse boarding management company. If you are not interested in the various current investment opportunities build the next new subdivision in the fastest growing part of town. Over 800 feet of road frontage on Cedar Point Rd and 400 on Gate Rd.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
About Northside
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,250 /mo
- 3 Beds
- 2 Baths
- 1,565 ft²
$2,300 /mo
- 4 Beds
- 3 Baths
- 2,364 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017