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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 |
|---|---|---|---|
| Nov 21, 2023 | No longer available | - | |
| No longer available | |||
| Sep 18, 2023 | Listed by Ann Arbor Market Center, Inc. | $249,900 | |
| Listed by Ann Arbor Market Center, Inc. | |||
| | |||
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Location..Location..Location. just outside of Dexter.Property has road frontage on two county roads with one paved. Homes in the area range between 500,000 to 700,000. Treed and rolling with possibility of a walk out basement. Utilities at the road. No homeowners association. Suitable for Outbuildings Bring your own builder. Township taxes. Close to several recreational areas, lakes, public beaches and bike/walking trails.Shopping, business district and schools just minutes away. 15 minutes to Ann Arbor. (Buyer/buyers agent to verify with local depts on all site developent issues).
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| Sep 8, 2020 | Sold | ||
| Sold | |||
| Apr 24, 2020 | Listed by Key Realty One LLC | $129,000 | |
| Listed by Key Realty One LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017