1260 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 |
|---|---|---|---|
| May 10, 2024 | Sold | ||
| Sold | |||
| Apr 13, 2024 | In contract | - | |
| In contract | |||
| Apr 3, 2024 | Listed by Milbury and Company | $1,995,000 | |
| Listed by Milbury and Company | |||
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WESTPORT RIVERFRONT** This charming waterfront home with stunning views of the Westport River is tucked away at the end of a private laneway. The house sits high (21'Above Sea Level) on 1.8 acres, with 300’ +/- of river frontage with incredible views. From an expansive deck one can look across the East Branch to Westport Vineyards, Lake’s Island and Cadman’s Neck. The lawn slopes gently to the river, accessing a set of stairs to a private dock with swim ladder, a protected sandy beach and private mooring. The three bedroom home with an open floor plan boasts floor to ceiling views from the fireplaced living and dining rooms/area. A detached two car garage with attached 350 sq ft excess space offers ample area for a future studio or workshop. Kayaking, swimming, sailing, flyfishing, paddle boarding, gardening, birdwatching or simply reading and reflecting on the sun or moon rising over the river are traditions which have been enjoyed by three generations since 1927.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017