614 Redberry Road
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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 |
|---|---|---|---|
| Oct 11, 2021 | Sold | ||
| Sold | |||
| Aug 24, 2021 | Listed by Oro Realty | $35,000 | |
| Listed by Oro Realty | |||
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Welcome to 614 Redberry, a spacious corner lot in Enchanted Oaks subdivision near Lake Somerville! This lot is wooded with tons of oak and other native trees and has community water and electric at the road. With frontage on two sides, you can carve out a space among the towering hardwoods and create your very own lake retreat! While there are light restrictions, there is no manufactured homes, cabins, tiny homes and RV's are allowed so the possibilities are unlimited. Because of the abundance of woods and undisturbed topography, you can enjoy watching the various wildlife including deer, squirrel, rabbits, and turkeys just to name a few. Located only a few minutes from Birch Creek State Park, you can spend your days fishing, boating, swimming, hiking and camping at Lake Somerville.
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Last Updated: 4 months ago
Data Source: HAR , MLS# 89427554
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017