8800 W Territorial Road
About This Property
80 ac of PRIME land for sale in extreme southwestern Hillsdale County! Rolling hills of native grasses and 1000's of scattered oak trees among other young growth that surround two very large ponds and one small pond.
Frontage on two roads. A 15 acre portion that is currently tillable and could be a great place to build a house or a pole barn, or both and 65 acres that are enrolled in the WRP propgram ....... but make no mistake ........ this property is NOT all wet and low like most properties that are in WRP. The only ''wet'' areas are the ponds that have been constructed and the rest of the land is high and dry.
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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%.
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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 30, 2025 | Sold | ||
| Sold | |||
| Dec 18, 2024 | Listed by Michigan Whitetail Properties | $489,000 | |
| Listed by Michigan Whitetail Properties | |||
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Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25003214
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