601 County Road 407
About This Property
Roomy frame (hardy board) home with 2 bedrooms 1.5 baths, March 2021 installed a new 3.5 ton central heat and air unit, community water, 1978 sq ft. (CAD). 1200 sq. ft. metal shop with electricity, air conditioned office, concrete floor, water available, also a livestock barn or storage space. Has a wired in generator ready to go if power goes off. All appliances convey. Minerals owned will convey. Lake Proctor on three sides. Walk to the lake to swim, fish or launch your boat. Beautiful oak and elm trees. Above the 2 car garage is a 1 bedroom 1 bath apartment, central heat, window unit, propane cook stove, dishwasher, washer dryer hookups. This sits on 6.05 acres!!! $450,000.00
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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%.
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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.
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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 21, 2022 | No longer available | - | |
| No longer available | |||
| Mar 18, 2022 | Sold | ||
| Sold | |||
| Jan 21, 2022 | In contract | - | |
| In contract | |||
| Dec 19, 2021 | No longer available | - | |
| No longer available | |||
| Dec 18, 2021 | Listed by FIVE OAKS REAL ESTATE | $450,000 | |
| Listed by FIVE OAKS REAL ESTATE | |||
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SECLUDED AND PRIVATERoomy frame (hardy board) home with 2 bedrooms 1.5 baths, March 2021 installed a new 3.5 ton central heat and air unit, community water, 1978 sq ft. (CAD). 1200 sq. ft. metal shop with electricity, air conditioned office, concrete floor, water available, also a livestock barn or storage space. Has a wired in generator ready to go if power goes off. All appliances convey. Minerals owned will convey. Lake Proctor on three sides. Walk to the lake to swim, fish or launch your boat. Beautiful oak and elm trees. Above the 2 car garage is a 1 bedroom 1 bath apartment, central heat, window unit, propane cook stove, dishwasher, washer dryer hookups. This sits on 6.05 acres!!! $450,000.00 The manager has listed the unit size as 2586 square feet.
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14672365
Details provided by NTREIS and may not match the public record
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