163 Racetrack Road
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%.
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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 |
|---|---|---|---|
| Sep 6, 2018 | No longer available | - | |
| No longer available | |||
| Aug 27, 2018 | Sold | ||
| Sold | |||
| Jun 11, 2018 | Listed | $299,000 | |
| Listed | |||
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Wooded and private location with 58.6' of water frontage on Lake Memphremagog. It feels as though you are in a tall forested location with room to stretch your legs. Main house (on waterfront) has an additional year round guest cottage other side of property for income or family. Situated on .36 acres. Main house is an open concept with master bedroom & master bath on main level, 2 additional bedrooms & 3/4 bath on lower level. Cottage has a great rental history with 2 bedrooms and 1.5 baths. Just a short walk from to North Country Hospital. Access to the walking path which follows & borders the lake all the way to "Eagle Point Wildlife Management Area at Missisquoi National Wildlife Refuge" & Canada. Come & put your own touch & love into this unique location. This part of Vermont is very special. The manager has listed the unit size as 1344 square feet.
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| Feb 19, 2018 | Listed by RE/MAX All Seasons Realty | $299,000 | |
| Listed by RE/MAX All Seasons Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017