9091 Sheridan Loop
About This Property
Ready-to-build lots are available now, with electricity and water provided to each lot. Wells are supplied by the developer and shared between two to three lots, with drilling costs included in the purchase price. ADUs are permitted with an additional $2,500 water fee.
The developer can provide construction services for buyers seeking a turnkey package and coordinate meetings with a selection of architects and builders after the purchase contract is complete. Recent improvements include a new buck fence extending from the entrance around the perimeter of the lots and an exclusive entry portal designed by a local artist.
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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 |
|---|---|---|---|
| Sep 24, 2026 | In contract | - | |
| In contract | |||
| Sep 14, 2026 | Listed | $449,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017