15 Morton Rd
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 30, 2024 | Price Decreased |
$399,900
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Sep 20, 2024 | Price Decreased |
$410,000
↓ $15K
(3.5%) | |
| Price Decreased | |||
| Aug 31, 2024 | Listed | $425,000 | |
| Listed | |||
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Are you looking for a serene place to get away to? Here is your opportunity to own a waterfront property on Highland Lake! This recently renovated year-round cottage is situated in a cove on a secluded .84-acre lot, nestled in on a private road. Upon entering, you will be greeted by the cozy kitchen, dining, and living room area. This home offers plenty of natural light, tasteful amounts of knotty pine throughout, and an open concept floor plan which is great for entertaining guests. Need more space for entertaining? Open up the slider and step out onto your deck overlooking the water for just that! Step down to your privately owned waterfrontage totaling 100 feet with 2 docks. Outside you'll find an 8x10 shed. Highland Lake is 7 miles long encompassing +/- 700 acres and is well-known for its healthy population of Largemouth Bass. Bring your motorboats, kayaks, canoes, and fishing poles… this water setting is perfect for these toys! This property is a part of Whitney Road Association for $300 a year. This cottage is conveniently located close to 2 public boat launches including the Marina, and the town general store. It is only located approximately 25 mins to Keene and 1 hour and 40 mins to Boston, MA. This is a property that you need to see to appreciate all that is offered. Schedule your private showing today!
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| May 23, 2024 | Sold | ||
| Sold | |||
| May 14, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017