8858 N Cane Break Road Road
About This Property
Land can be sold all together or see (MLS# 20179654) The 520 +or- Ac Tract 1 known as Bear Mountain and the 480 +or- Ac Tract 2 known as Lost Mountain (MLS # 20200245). Lost Mountain shares its Southern border with the unspoiled wilderness of the McGee Creek Scenic Recreational Area, as well as the McGee Creek Wildlife Management Area, providing endless outdoor opportunities.
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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 |
|---|---|---|---|
| Mar 5, 2024 | Sold | ||
| Sold | |||
| Feb 17, 2023 | Listed by Newland Real Estate, Inc. | $5,000,000 | |
| Listed by Newland Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017