550 Cross Road
About This Property
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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 |
|---|---|---|---|
| Oct 26, 2018 | Sold | ||
| Sold | |||
| Sep 18, 2018 | No longer available | - | |
| No longer available | |||
| Sep 5, 2018 | Listed | $35,000 | |
| Listed | |||
| | |||
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This private, wooded lot has been surveyed and soil testing has been performed to determine the type of septic system required. It is located on a quiet country road and there is a mixture of hardwood and softwood trees and the topography is level to slightly sloping. There are two different areas for a septic system, so you can have a choice of where to construct your home or possibly subdivide this property if you so choose. Priced less than town assessment, this lot is ready to move! Come see for yourself.
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| Mar 14, 2018 | Listed by Beeman Real Estate, LLC | $35,000 | |
| Listed by Beeman Real Estate, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017