TBD Lot 892 and 893 Parallel Road 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 |
|---|---|---|---|
| Dec 22, 2023 | Sold | ||
| Sold | |||
| Nov 9, 2023 | Listed by Market Realty Inc. | $26,500 | |
| Listed by Market Realty Inc. | |||
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Welcome to Somerville Place subdivision, area has deed restrictions. These two adjacent lots (lot 892 and lot 893) are cleared, with scattered mature trees, and being sold together. The metal structures on the corner are "not" part of this property. The two lots are directly across from community pool and shaded family picnic pavilion area. It’s a great spot to put an RV or a tiny home. HOA for both lots is $90/year, which provides access to the community amenities. Just a few minutes away from Somerville Lake! No survey, buyer needs to purchase. Water and electric are available in the area.
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Last Updated: 5 months ago
Data Source: HAR , MLS# 95974426
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017