116 Widgeon Drive
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%.
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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 27, 2017 | Sold | ||
| Sold | |||
| Sep 2, 2017 | Listed | $159,900 | |
| Listed | |||
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Cape style home with a brick fireplace, large, wrap-around deck and a great view of Lake Memphremagog. This home features three bedrooms, one and half baths, a full, walk out basement and a deeded access to a private beach managed by the Lakemont Association. Dues are only $150 per year, and you have full use of 500' of sandy beach and a common area. Recent improvements include all new wiring and breaker box (in progress) a new roof and chimney repair, new doors, fresh paint and updates to kitchen and baths. This home has been comfortably occupied by full time tenants for many years. Very few lake homes available in Lakemont or anywhere on Lake Memphremagog in this price range, so come check this adorable cottage out before it's gone! The city of Newport just reassessed this year, this property was assessed at $144000. New tax bill will come out in October, 2017. The manager has listed the unit size as 1170 square feet.
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| Jul 30, 2017 | Listed by Jim Campbell Real Estate | $159,900 | |
| Listed by Jim Campbell Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017