5 Paddock Lane
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, 2024 | Sold | ||
| Sold | |||
| May 15, 2024 | Listed by Carey Realty Group, Inc. | $350,000 | |
| Listed by Carey Realty Group, Inc. | |||
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ESTATE SALE~APPROVABLE BUILDABLE LOT~25,700 sq. ft. LOT IN DESIRABLE ESTABLISHED NEIGHBORHOOD OF CUSTOM BUILT HOMES~APPROX. 140' FRONTAGE~TOWN WATER, TOWN SEWER, ELECTRIC, NATURAL GAS AT STREET~BRING YOUR PLANS & YOUR BUILDER AND START YOUR OWN CUSTOM HOME~BUYER RESPONSIBLE FOR ALL PERMITTING AND APPROVALS~
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