500 Grosse Pointe Road
About This Property
Located near Barton City just east of M-65 and just north of M-72 is where you'll find this awesome parcel of NE Michigan hunting land.
Mostly wooded with a few scattered hunting blinds mixed amongst the hills and ridges of this rolling terrain.
There is everthing that any wildlife would want here. Wooded cover, bedding areas, water sources and with the addition of some major food sources this property
would be complete!
Miles of nicely groomed trails run throughout
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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 |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Oct 10, 2024 | Listed by Michigan Whitetail Properties | $350,000 | |
| Listed by Michigan Whitetail Properties | |||
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Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24055391
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