6947 Schow Road
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 |
|---|---|---|---|
| Jun 18, 2018 | Sold | ||
| Sold | |||
| Nov 27, 2017 | Listed by E'lan Realty Lakeshore | $259,900 | |
| Listed by E'lan Realty Lakeshore | |||
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Country living at it's best. This 4 bedroom 3 1/2 bath new construction (from basement up) sits on 5 acres. Just some of the features include commercial grade tank less water heater, fireplace, wood floors, granite counter tops, stainless steel appliances, finished basement, central air, beautiful brick patio with built in fire pit, large barn, two stall garage and an additional single stall garage. The list goes on and on. Call today!
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| Feb 28, 2017 | Sold | ||
| Sold | |||
| Dec 30, 2016 | Listed by USREALTY.COM LLP | $39,900 | |
| Listed by USREALTY.COM LLP | |||
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Beautiful 5 Acre property with 2 houses, 1 with a 2 stall garage, 1 large, beautiful old barn with a full basement, and a large concrete grain silo. The barn and the silo, could be made into a unique beautiful home, that's all the rage right now! There are also 2 out buildings which are good for storage. Both homes need lots of work but can be restored, the larger of the two houses, needs new electrical, plumbing, and heating and cooling. The smaller house is in better condition and could be lived in with a little work, while working on the big house, that's why this property is listed so low. There are some beautiful old, large oak, and large pine trees, on the property. Most of the property is cleared and ready to plant a crop of whatever, or a large garden, that's next spring of course! A new 5" water well, and a new concrete septic system was installed in the past few years. The old farmhouse has a full basement and upstairs. Due to the condition of the houses, it would be impossible to get a loan on the property so we would need cash for the property. The property sits on the southwest corner of Schow Rd & Crocker Rd in Holton, Mi. The property is boarded up and the inside cannot be seen, if you are interested in the property, you can drive out and look at the land and the exterior of the buildings, it must be purchased as is. We will provide more pics of the inside of the houses, barn, silo, and out houses, if you're interested. When an offer has been accepted by the seller, a real estate buy and sell agreement, along with proof of funds and a two thousand dollar, ($2,000) earnest-money-deposit must be provided to the Title Company selected by the seller, subject to all Michigan laws & regulations. Whoever purchases the property must meet with the building inspector after the purchase of the property, in order to let them know your plan for restoring the property. This property is clear and free of any and all encumbrances, and has a clear title. PROPERTY WILL BE SOLD AS IS, WITH NO EXPRESSED WARRANTIES FROM THE SELLER. SELLER WILL NOT BE RESPONSIBILE FOR ANY LIABILITIES, WARRANTIES &OR DAMAGES TO THE PROPERTY ONCE THE BUYER PURCHASES THE PROPERTY.
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| Sep 20, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017