724 Tolland 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 |
|---|---|---|---|
| Mar 9, 2012 | Sold | ||
| Sold | |||
| Mar 9, 2011 | Listed by Park Square Realty | $469,000 | |
| Listed by Park Square Realty | |||
| Oct 22, 2010 | Listed by Pond Pasture Real Estate | $599,000 | |
| Listed by Pond Pasture Real Estate | |||
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Lovely 2BR/1BA lake home with ROWs to and big dock on Otis Reservoir. Area over large 2 car heated garage has living, bedrm, laundry and bath. Perfect for vacation rental income! Home has second 1 car gar+carport, shed, hot tub, 2 d'ways, pellet stove, wood floors, new appliances, mudroom, LP HWBB heat. Terrific uninterrupted lake views and access right in front of you! Seller will refinish wood floors on main level of home after closing when furniture rem. Weathervane & tools on gar. excl
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| Apr 8, 2010 | Listed by Pond Pasture Real Estate | $619,000 | |
| Listed by Pond Pasture Real Estate | |||
| | |||
|
Lovely 2BR/1BA lake home with ROWs to and big dock on Otis Reservoir. Area over large 2 car heated garage has living space, bedroom, laundry and bath. Perfect for vacation rental income! Home has second one car garage+carport, shed, hot tub, 2 driveways, pellet stove, wood floors, new appliances, mudroom, LP HWBB heat. Terrific uninterrupted lake views and access right in front of you! Seller will refinish wood floors on main level of home after closing when all furniture is removed.
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| Jul 7, 1995 | Sold | ||
| Sold | |||
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