8700 CASTILE ROAD
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 |
|---|---|---|---|
| May 4, 2026 | In contract | - | |
| In contract | |||
| Apr 28, 2026 | Listed by THE FIRM RE | $45,000 | |
| Listed by THE FIRM RE | |||
| Dec 23, 2022 | No longer available | - | |
| No longer available | |||
| Feb 25, 2022 | Listed by RE/MAX Realty Plus | $35,000 | |
| Listed by RE/MAX Realty Plus | |||
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This residential lot is on a peaceful rd located in Spring Lake. Already cleared and ready to have a new home built. One of the best things about this lot? No neighbors on any side! Spring Lake is an up and coming community that is peaceful and quiet. Come check this lot out before it is gone.
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| Mar 25, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017