55 Ellie Lane
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 25, 2024 | Sold | ||
| Sold | |||
| Dec 18, 2023 | Listed by Florida Homes Realty & Mortgag | $2,472,000 | |
| Listed by Florida Homes Realty & Mortgag | |||
| Jul 13, 2023 | No longer available | - | |
| No longer available | |||
| Jul 12, 2022 | Listed by Advantage Realty | $2,162,370 | |
| Listed by Advantage Realty | |||
| | |||
|
308+ acre cattle ranch with a home and cattle pens is fenced with some cross fencing. This ranch has a mixture of Bahia grass and native range land. There are some nice wildlife habitats for deer, turkeys, hogs, and quail. The wax myrtle may also have landscape marketing potential. Frontage on both Ellie lane with 5,200 feet to the south and Lott Grade with 5,200 feet to the north offer another opportunity for dividing into smaller tracks. Soil texture is well suited for growing sod, pasture, hay, watermelon, Blueberry, and Citrus. At only $7,000 / acre, this is an excellent value in today's Florida real estate market. Immediate cash flow potential: cattle, sod, whole sale wax myrtles, hunting lease (deer, hog, turkey), air B&B @$1,500 per week (with existing home with at least 29 more to be added providing $540k PGI),Current Home is 3 bedroom 2 bath block/stucco construction with metal roof & carport 1188 LSF 1,568 TSF
| |||
| Mar 3, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017