96 Sears Island Dr
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 |
|---|---|---|---|
| Oct 31, 2011 | Sold | ||
| Sold | |||
| Apr 7, 2011 | Listed by William T. Lee Real Estate | $154,900 | |
| Listed by William T. Lee Real Estate | |||
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WELCOME to Sears Island! Approximately 57 feet of lake frontage on Indian Lake. All zoning and special permits have been approved for TWO single family homes. Engineering with architectual plans in hand. Proposed House #1 with lake frontage to be built approximately 1750sq'. Proposed House #2 approximately 1350sq'. Endless possibilities......detached in-law, rental income, & more. E-mail today for more details.
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| Jun 1, 2010 | Sold | ||
| Sold | |||
| Mar 22, 2010 | Listed by RE/MAX Prof Associates | $120,000 | |
| Listed by RE/MAX Prof Associates | |||
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