1546 A-1 Drift Rd
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 |
|---|---|---|---|
| Mar 11, 2021 | Sold | ||
| Sold | |||
| Jul 11, 2020 | Listed by Conway - Mansfield | $324,000 | |
| Listed by Conway - Mansfield | |||
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Here's your bit of paradise! Lovely partially wooded lot of 1.9 acres is now available on Drift Road. Deeded water access to the North Branch of the Westport River. Current owner has planted many native grasses and flowers. Beautiful old stone walls. Private laneway being improved by current owner, with approvals from the Planning Board. The laneway provides access to both lots. The square footage doesn't include the laneway, which is owned by these two lots. Perks have been done. There aren't many large lots like this left in Westport with water access! You will love living here, and you'll be able to launch your kayaks from your own water access! Come walk these beautiful acres with me. This lot is in FEMA Zone X, which means that FEMA will NOT require flood insurance, although individual lenders might, based on their internal rules. Town assigns address after bldg permit.
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| Mar 23, 2018 | Sold | ||
| Sold | |||
| Nov 30, 2016 | Listed by Alden Hill Real Estate, Inc. | $155,000 | |
| Listed by Alden Hill Real Estate, Inc. | |||
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NEW 1.41 Acre lot on DRIFT ROAD! No wetlands, excellent percs & water tables, this lot won't last! Call for details. TENANTS ON PREMISES! AN APPOINTMENT IS REQUIRED TO VIEW THIS PROPERTY!
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| Jul 30, 2014 | Sold | ||
| Sold | |||
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