Lot 7B Sodom Rd
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 |
|---|---|---|---|
| Oct 22, 2021 | Sold | ||
| Sold | |||
| Sep 21, 2021 | Listed by Silva Realty Group, Inc. | $199,900 | |
| Listed by Silva Realty Group, Inc. | |||
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Looking for land to build your dream home on? This 1.5 Acre lot on Sodom Rd has already been cleared, Well installed, Engineering done, Stamped septic design (4 bedroom septic) in place and permit obtained. Water Analysis results available upon request. Driveway has also been cleared (unpaved). Buyer to do any further due diligence based on their own building requirements/preferences. Wooded Lot is directly across from #666 & #670 Sodom Rd (Look for the tree marked #13). 150' of Frontage. Builder is willing to sell the lot separately, as-is, or buyer can proceed with the builder's planned/proposed Ranch to be built. See MLS#72886422
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| Aug 25, 2021 | Sold | ||
| Sold | |||
| Mar 31, 2021 | Listed by Silva Realty Group, Inc. | $199,900 | |
| Listed by Silva Realty Group, Inc. | |||
| | |||
|
Looking for land to build your dream home on? This 1.5 Acre lot on Sodom Rd has Engineering done including grading, septic placement planned, and already has the well installed, which produces 7 gallons per minute. Water Analysis results available upon request. Stamped septic design (4 bedroom septic) in place and permit obtained. Driveway has already been cleared (unpaved). Buyer to do any further due diligence based on their own building requirements/preferences. Wooded Lot is directly across from #666 & #670 Sodom Rd (Look for the tree marked #13). 150' of Frontage.
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| Feb 4, 2021 | Sold | ||
| Sold | |||
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