5578 PRONGHORN Circle
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 22, 2023 | Sold | ||
| Sold | |||
| Oct 12, 2023 | Listed by INI REALTY | $89,900 | |
| Listed by INI REALTY | |||
| Sep 16, 2020 | Listed by INI REALTY | $55,000 | |
| Listed by INI REALTY | |||
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Expiring listing tonight- probate/estate issues and not able to sell*** What a great investment opportunity for rental income and/or future appreciation! This quiet 1 Acre Lot that backs up to beautiful Jennings State Forest (over 25,000 acres), so nothing but nature preserve and plenty of privacy behind the home! Mobile home is solid and can be renovated with some work and then market rent could be around $950/mth. Hard to beat that ROI! Extra square footage provides a large 3rd Bedroom and sitting area plus covered patio area outside. Well equipment recently replaced and nice septic system as well. Get moving because it won't last! Bring your cash offers!! Seller to make no repairs- selling as-is.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017