7973 Dillon Highway
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 |
|---|---|---|---|
| Sep 1, 2023 | Sold | ||
| Sold | |||
| Aug 14, 2023 | Listed by ERA REARDON REALTY, L.L.C. | $250,000 | |
| Listed by ERA REARDON REALTY, L.L.C. | |||
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40 acres of rolling hills and woods that are breathtaking. This is a premier setting and property. There is a magnificent home on the property that has substantial fire damage. The home still stands and could possibly be renovated. Buyer would need to determine if renovations or just bull doze and start over. Regardless, there is a well and septic and you could possibly use the foundation and be way ahead of building from scratch... There is a swimming pool and deck and driveway that could potentially be salvaged. No entry without signing a hold harmless agreement.
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| Jan 18, 2021 | Sold | ||
| Sold | |||
| Aug 11, 2020 | Listed by Michigan Whitetail Properties | $499,000 | |
| Listed by Michigan Whitetail Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017