9 Hillside Way
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 |
|---|---|---|---|
| Apr 30, 2014 | Sold | ||
| Sold | |||
| Jun 28, 2013 | Listed by RE/MAX Encore | $549,900 | |
| Listed by RE/MAX Encore | |||
| Mar 19, 2013 | Sold | ||
| Sold | |||
| Nov 30, 2012 | Listed by Wilson Wolfe Real Estate | $224,900 | |
| Listed by Wilson Wolfe Real Estate | |||
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Great location for this property, almost a acre of land. Has unfinished home ( was a barn) that most viewers say is a tear down, needs a lot of work. Septic was installed new never used. No current taxes on file, It is an approved lot to rebuilt home. If someone wants to change house size or location on lot they will have to apply for variance.
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