87-Lot 1 Summer 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 |
|---|---|---|---|
| Aug 20, 2024 | Sold | ||
| Sold | |||
| May 13, 2024 | Price Decreased |
$299,900
↓ $20K
(6.3%) | |
| Price Decreased | |||
| May 2, 2024 | Price Increased |
$320,000
↑ $20K
(6.7%) | |
| Price Increased | |||
| Mar 26, 2024 | In contract | - | |
| In contract | |||
| Mar 6, 2024 | Listed by Carey Realty Group, Inc. | $299,900 | |
| Listed by Carey Realty Group, Inc. | |||
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|
APPROVED BUILDABLE LOT 16,676 SQ. FT. WITH 102.5 FEET OF FRONTAGE~PROPOSED HOUSE BOX 55' x 40' ~ HOWEVER YOU DECIDE STYLE/FLOOR PLAN/SIZE TO FIT LOT REQUIREMENTS~PUBLIC WATER~PUBLIC SEWER~NATURAL GAS~ELECTRIC AT STREET~GREAT OPPORTUNITY FOR BUYER TO BUILD THEIR CUSTOM HOME DON'T WAIT~SELLER WILL ENTERTAIN OFFERS BETWEEN $299,900 AND $315,000~
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