1 Middle Road
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 |
|---|---|---|---|
| Jun 25, 2024 | Sold | ||
| Sold | |||
| Apr 29, 2024 | Listed by Churchill Properties | $495,000 | |
| Listed by Churchill Properties | |||
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This Classic Summer Cottage is located on the GOLD COAST OF CONOMO POINT. Sit back and enjoy fabulous water views and cool ocean breezes from one of two porches. The cottage floor plan offers separate sleeping quarters for extended family with 4 bedrooms in total. The interior is "summer cottage chic" with wood walls and floors, a vaulted ceiling with wood beams, and a wood burning fireplace. Take the chill off with a propane heater for spring or fall visits. New Roof in 2022. Conomo Point is a coveted summer community that provides many access points to the tidal waters and sand bars of the Essex River. There are three public docks for boating, kayaking, sailing and swimming. Moorings are assigned by the Essex Harbor Master. The Essex Bay Sailing Club on Conomo Point promotes sailing for youngsters Sale includes furnishings. * CASH ONLY* OFFERS ARE DUE TUESDAY MAY 7TH NOON W/ PROOF OF FUNDS. TIGHT TANK FOR SEPTIC DESIGNED FOR 3BR.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017