990 Clarendon Road
About This Property
Located in the heart of one of the best counties in Michigan for whitetail deer hunting, Branch County, you'll find this 92 acre parcel made up of everything needed to keep and hold mature deer on your property. Plenty of wooded cover, bedding areas, field edges, and a lot of AG ground. Numerous pinch points and some great field corners. A neat little log cabin sits in the middle of the woods and can make a great overnight place to stay or even could be used as a hunting blind in bad weather. Add some improvements to this already great property and this could be that one you've been looking for. Farm lease income
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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 |
|---|---|---|---|
| Mar 24, 2020 | Sold | ||
| Sold | |||
| May 30, 2019 | Listed by Michigan Whitetail Properties | $299,000 | |
| Listed by Michigan Whitetail Properties | |||
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Last Updated: 3 years ago
Data Source: MichRIC, MLS# 19025141
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