Lot 765 James Craft Road
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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 20, 2021 | Sold | ||
| Sold | |||
| Apr 23, 2021 | Listed by Oro Realty | $12,000 | |
| Listed by Oro Realty | |||
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Summer and weekends at Lake Somerville is a lot more fun when you come home to Lot 765 in Somerville Place Subdivision! Approximately 1/4 acres with access to community water and electric nearby, scattered hardwoods and plenty of open space to build your lake area home. Big Creek Park is 3.5 miles away and offers excellent fishing, camping, hiking, boat launch and more. Somerville place offers parks and a community pool for its members and is a few minutes from the lake.
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Last Updated: 4 months ago
Data Source: HAR , MLS# 65870386
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017