Lot 2-2 Riverbend
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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.
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 |
|---|---|---|---|
| Jun 26, 2025 | Sold | ||
| Sold | |||
| May 29, 2025 | Listed by EXP Realty | $175,000 | |
| Listed by EXP Realty | |||
| Jul 23, 2023 | No longer available | - | |
| No longer available | |||
| Jun 9, 2023 | Listed by Bean Group | $85,000 | |
| Listed by Bean Group | |||
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Gorgeous rectangular 5 acre property in a very private section of the Saco River Shores. The abutting properties with log homes have sold in the 500K plus range. There is a driveway and cleared area already in place (see photos) for RVing or camping until you build your dream home. Just down the private road is a deeded access to a 1.5 mile river trail along the most pristine river in Maine, The Saco River. The area is a private ( available only to residents) 150 acre '' forever '' preserve with river beaches and flora and fauna to delight the senses. Due to no further subdivision by covenant, the Saco River Shores will continue to be a rural country escape to a peacefulness that current owners prize so highly. Yet, North Conway, NH is only 20 minutes away with the White Mountains and the Maine Coast with its beaches is an hour's drive while your property is centrally located in the heart of the Western Maine Mountains & Lakes Region with 6 major ski areas and trails galore for all other 4 season activities. The property is also located in the free sending district to the private renown Fryeburg Academy. Only one of two lots available in the Saco River Shores at this time with undeveloped lots rapidly disappearing. Come share the dream of living in the very friendly state of Maine!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017