46983 W Red Arrow Highway
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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 |
|---|---|---|---|
| Jan 18, 2023 | Sold | ||
| Sold | |||
| Aug 10, 2022 | Listed by Coldwell Banker Realty | $219,000 | |
| Listed by Coldwell Banker Realty | |||
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Close to 25 acres of land with a lovely pond and barn. On site is a manufactured home on a concrete slab, fully framed and drywalled and ready to finish exactly how you want! 2 bed and 2 bath layout with endless possibilities for finishing, sporting a newer roof and HVAC (2018 and 2019, respectively) and septic/utilities already on site. Over 1350 square feet of home space that can be finished out as you see fit! Come check out this one-of-a-kind property in Lawrence, a lovely up-and-coming town in beautiful Harbor Country, and make this home exactly what you dream it can be!
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| Oct 15, 2018 | Sold | ||
| Sold | |||
| Sep 5, 2018 | No longer available | - | |
| No longer available | |||
| Jun 13, 2018 | Listed | $82,000 | |
| Listed | |||
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Abundant Red Arrow Highway frontage, plus acreage! Comfortable mobile home, very roomy living area, main bedroom addition. Mud room leads to carport. 1,100 sq. ft. outbuilding. Adequate road frontage - space to build your dream home. (No value in one mobile - used for storage.) The manager has listed the unit size as 880 square feet.
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Last Updated: 3 years ago
Data Source: MichRIC, MLS# 18024168
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017