9514 Mels 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 |
|---|---|---|---|
| Nov 27, 2024 | Sold | ||
| Sold | |||
| Nov 9, 2024 | In contract | - | |
| In contract | |||
| Jul 30, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 29, 2024 | Listed by Legacy Properties, A Sarah Leonard Company, LLC | $59,000 | |
| Listed by Legacy Properties, A Sarah Leonard Company, LLC | |||
| Jul 26, 2023 | Listed by Legacy Properties, A Sarah Leonard Company, LLC | $60,000 | |
| Listed by Legacy Properties, A Sarah Leonard Company, LLC | |||
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Don't miss this chance to build your dream home on this 2+ acre lot! All of the prep work has been done for you. Well/septic plans are done and approved by McHenry county and the health department. Soil testing has been done. The seller even has beautiful house plans drawn up by an architect, and those plans have been approved by the county and the future HOA. Belle Pointe is a private enclave of custom-built homes, conveniently located just 5 miles west of Huntley and 5 miles north of I-90. Highly rated Huntley School District #158! This is a rare opportunity to live in a peaceful rural setting, while also having convenient access to any amenity you could want. WELCOME HOME!!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017