128 Madison Drive
About This Property
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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.
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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, 2022 | Sold | ||
| Sold | |||
| Apr 6, 2022 | Listed by Bean Group / Peterborough | $279,900 | |
| Listed by Bean Group / Peterborough | |||
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Situated in the desirable Lake Ashuelot Estates, you’ll find this charming Chalet nestled in the spruce trees sitting on 1.46 acres! This home was just recently renovated within the last 2 years,& is thoughtfully designed with natural wood work throughout, with no detail overlooked. Upon entering, you will be greeted by the 3-season porch, which is the newest addition to the home. This is a great area to entertain guests! This cozy cabin boasts an open concept floor plan, cathedral ceilings, & plenty of natural light! The first level offers 1 bed, 1 bath, the kitchen/dining area,& the living room which is known as the gathering place. Upstairs is an additional bedroom with gorgeous pine flooring & 2 large closets, one of which could potentially be converted into a bathroom! Some of the recent updates made within the last 2 years include a new septic system, drilled well, water conditioning system, new windows/doors, pellet stove, propane heater, etc. This property is conveniently located only mins away from Lake Ashuelot & is close to all association amenities, which include the private boat launch, beach area, tennis/basketball court, clubhouse, &more. This location offers canoeing, kayaking, fishing, boating, swimming, snowmobiling, four wheeling, skiing,& hiking in nearby trails. The floors on the first level are plywood & because of this, financing options are limited to cash/conventional only. Some additional finishing touches needed. Come meet your forever home today!
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| Apr 10, 2020 | Sold | ||
| Sold | |||
| May 30, 2019 | Listed by Manning Williams Agency | $99,900 | |
| Listed by Manning Williams Agency | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017