698 M-89
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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 |
|---|---|---|---|
| May 6, 2024 | Sold | ||
| Sold | |||
| Mar 26, 2024 | Listed by Five Star Real Estate | $399,900 | |
| Listed by Five Star Real Estate | |||
| | |||
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Plainwell schools ranch home on 9.9 acres. This home has 1920 finished sq. ft. on the main and another 1570 finished in the basement. The kitchen is spacious with a center island, eating area, pantry, and snack bar. Dining area has sliders to a deck overlooking the property. Main floor master bedroom has a private bath with stand up shower and garden whirlpool tub. There are 2 additional bedrooms, a den and full bathroom, on the main floor. The mudroom and laundry are off the 2 car attached garage. The full finished basement is accessed through the garage. It has a full bath, family room, additional bedroom, office and craft area. An additional 2 car garage is heated with a woodstove, has concrete floor and a nice work bench. Its is a great place to work on cars, store outdoor equipment or enjoy your hobbies. The acreage affords you space to have a garden, a few chickens and livestock, however you will want to check with the township to see what livestock is allowed. There is a fire pit to warm yourself around and roast a few marshmallows. Open tillable field, and woods for hunting or just enjoying nature. Generac generator, newer furnace, central air, Roof and siding replaced in 2020. Minutes from town, shopping and fine dining. Easy access to 131.
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| Dec 29, 2015 | Sold | ||
| Sold | |||
| Nov 13, 2015 | Listed by Berkshire Hathaway HomeServices MI | $149,900 | |
| Listed by Berkshire Hathaway HomeServices MI | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017