651 County Road 408
About This Property
Three bedrooms, two bathrooms is perfect for that starter home, small family or retirees. Country Living, quiet and cozy, sits 3.79 acres. Central heat and air, ceiling fans. Ceramic tile, vinyl plank flooring throughout. All kitchen appliances will convey including washer and dryer. Lots of scattered oak trees. There's room for your animals to graze or for that FFA show project. Two car carport attached to the shop, has an office with half bathroom. This could be your own Ranchette. $270,000.00
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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 16, 2024 | Sold | ||
| Sold | |||
| Oct 1, 2024 | In contract | - | |
| In contract | |||
| Jul 2, 2024 | Price Decreased |
$265,000
↓ $5K
(1.9%) | |
| Price Decreased | |||
| Jun 4, 2024 | Price Decreased |
$270,000
↓ $6K
(2%) | |
| Price Decreased | |||
| Apr 8, 2024 | Listed by C Merworth Holdings, LLC | $275,500 | |
| Listed by C Merworth Holdings, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017