LOT 5 Allen Rd
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 1, 2024 | No longer available | - | |
| No longer available | |||
| Nov 4, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Oct 1, 2024 | Price Decreased |
$84,900
↓ $5K
(5.6%) | |
| Price Decreased | |||
| Sep 13, 2024 | In contract | - | |
| In contract | |||
| Sep 10, 2024 | Listed by Gallagher Real Estate | $89,900 | |
| Listed by Gallagher Real Estate | |||
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Available for sale is a majority cleared, almost 1 acre lot in the northern area of Belchertown. This lot is ready to and has recently been surveyed and perced. A utility pole has been brought in from the electric company to have electricity on the lot with underground wires. This property is located close to the Amherst line. Easy to build on with title V sand. Take advantage of this opportunity to build your dream home while it lasts.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017