7004 Manchester Drive
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 |
|---|---|---|---|
| Jul 22, 2024 | Sold | ||
| Sold | |||
| Jul 2, 2024 | In contract | - | |
| In contract | |||
| Jun 29, 2024 | No longer available | - | |
| No longer available | |||
| Jun 28, 2024 | Listed by Century 21 Circle | $55,000 | |
| Listed by Century 21 Circle | |||
| Dec 26, 2023 | Listed by Spring Realty | $75,000 | |
| Listed by Spring Realty | |||
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BEAUTIFUL LAKEFRONT CORNER LOT THAT WAS ORIGINALLY WHERE THE MODEL TRAILER WAS LOCATED~PLEASE CONTACT THE VILLAGE FOR BUILDING REQUIREMENTS~NO HOA~THERE IS A 26X24 GARAGE LOCATED ON THE LOT THAT BACKS UP TO THE WATER...THERE IS A LOFT IN THE GARAGE AND A CARPORT~TWO PIN NUMBERS/ONE FOR THE HOUSE & GARAGE THE OTHER FOR THE LAKE~NUMEROUS POSSIBILITIES~THERE IS CURRENTLY NO UTILITIES TO THE GARAGE~THE UTILITIES CANNOT BE BROUGHT TO THE GARAGE UNTIL THE HOUSE IS BUILT(PER THE CITY OF JOLIET)~CUMBERLAND SUBDIVISION~PLAINFIELD SCHOOLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017