1
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Lot 8 Chapel Street
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 1, 2006 | Sold | ||
| Sold | |||
| Aug 4, 2005 | Listed by RE/MAX Advantage 1 | $315,000 | |
| Listed by RE/MAX Advantage 1 | |||
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"NEW CONSTRUCTION " 6 ROOM ,3 BEDROOM , 2 FULL BATH SPLIT , OPEN FLOOR PLAN MAKES THIS MODULAR HOME BRIGHT AND AIRY. SET ON 2 ACRE WOODED LOT , 2 CAR GARAGE, WATERVIEW. LEICESTER - WORCESTER LINE / THIS A GREAT HOME FOR COMMUTERS AND FOR ALL AREA AMENITIES.
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