485 Ballard 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 16, 2021 | Sold | ||
| Sold | |||
| Nov 7, 2021 | Listed by RE/MAX Platinum - Ann Arbor | $140,000 | |
| Listed by RE/MAX Platinum - Ann Arbor | |||
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A phenomenal opportunity, so much potential! This property is located in a beautiful setting in Leoni Township with easy access to US 127 & I-94, Michigan Center Schools! 7.46 acres total (2 parcels), well-built 36'x 48' barn with four stalls & electricity, gated & fenced pasture areas! The 2-3 bedroom home has potential, though it is in need of major repair and updating, being sold as is. This property can undoubtedly become your dream come true and affordable opportunities like this are rare, so don't miss out and schedule your tour today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017