494 Nunnelley Road
About This Property
Welcome to this conveniently located vacant lot in the heart of Paradise, offering a great opportunity to build your new home and become part of this thriving community. Formerly the site of a 2-bedroom, 1-bath, 1,104 SqFt residence, this property provides a wonderful starting point for your next home project. Enjoy being just minutes from local goods, services, schools, and parks-everything you need is close by. Whether you're looking to build your first home, an investment property, or a peaceful retreat, this lot offers excellent potential to create your own piece of Paradise and take advantage of all the great things this growing town has to offer.
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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 |
|---|---|---|---|
| Sep 25, 2026 | Price Decreased |
$19,000
↓ $2K
(9.5%) | |
| Price Decreased | |||
| Mar 31, 2026 | Price Decreased |
$21,000
↓ $4K
(16%) | |
| Price Decreased | |||
| Oct 7, 2025 | Listed by American Homes and Land | $25,000 | |
| Listed by American Homes and Land | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017