16 Portside Dr
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 |
|---|---|---|---|
| Oct 20, 2021 | Sold | ||
| Sold | |||
| Aug 27, 2021 | Listed by EXIT Cape Realty | $179,900 | |
| Listed by EXIT Cape Realty | |||
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This wooded corner lot is over half an acre, in an established neighborhood in Pocasset. The neighborhood abuts Four Ponds Conservation Area with beautiful nature trails. There are two sandy ocean beaches close by, as well as Picture Lake Beach and Pocasset River Marina. Such a convenient location with easy access to bridges, shops and restaurants. Town trash pick up is a plus! Buyers to do their own due diligence to determine the buildability of the lot - including any letter of buildability, perc test or building permit. There are some stakes from a recent survey.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017