1520 Drift Rd.(Lot 41a Parcel 47)
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 |
|---|---|---|---|
| Apr 19, 2024 | Sold | ||
| Sold | |||
| Apr 13, 2024 | In contract | - | |
| In contract | |||
| Apr 12, 2024 | Listed by Keller Williams Coastal | $675,000 | |
| Listed by Keller Williams Coastal | |||
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1520 Drift Rd. South Westport; unveil the coastal lifestyle of your dream home being built on this sprawling 2.9-acre buildable lot nestled in the charming seaside town of Westport, MA. Situated amidst gently rolling farmland and stately coastal residences along the tranquil banks of the southeast branch of the Westport River, this picturesque parcel offers an unparalleled opportunity to craft your perfect retreat. Enjoy the seasonal water views and embrace the salty breeze that graces this idyllic setting year-round. Westport beckons with its renowned beaches, expansive coastline, and breathtaking farmland vistas, promising a tapestry of natural splendor at every turn. This prime location offers easy access to the beach via a leisurely bike ride. With Providence, Boston, and Newport easily accessible, don't let this opportunity slip away.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017