Lot 83 Hill Loop 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 |
|---|---|---|---|
| Jan 25, 2021 | Sold | ||
| Sold | |||
| Dec 23, 2020 | Listed by Oro Realty | $4,250 | |
| Listed by Oro Realty | |||
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Here is your opportunity to own a lot near Lake Somerville for those weekend getaways! This lot is mostly wooded with large oak trees and some open areas for your camper or new home. Somerville Place Subdivision includes a swimming pool, playground area, a covered pavilion with picnic tables, meeting hall, several small lakes for fishing, and hiking trails. Mobile homes allowed - please refer to attached subdivision restrictions for specifications.
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About Burleson
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Last Updated: 5 months ago
Data Source: HAR , MLS# 73950509
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017