500 Morey 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 |
|---|---|---|---|
| Nov 19, 2021 | Sold | ||
| Sold | |||
| Aug 4, 2021 | Listed by Big Bear Real Estate | $34,000 | |
| Listed by Big Bear Real Estate | |||
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Located on a quiet country road, with easy access within 493 feet of road frontage. This 6.20 acres offers both open and wooded land with some mountains views, a septic design and permit to support a 3 bedroom home. The land has a mix of trees, the land is conveniently level at roadside and then gently sloping away opening mountain views and with some cutting more views can open up. Electric is available on the property there is a pole on it's road front. I am trying to get the Appraiser name from the Lender.....
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| Nov 15, 2019 | Sold | ||
| Sold | |||
| Nov 10, 2018 | Listed by StoneCrest Properties, LLC | $24,500 | |
| Listed by StoneCrest Properties, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017