Lot 2 Shore 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%.
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 9, 2020 | Sold | ||
| Sold | |||
| Mar 28, 2020 | Listed by Costello Realty | $249,900 | |
| Listed by Costello Realty | |||
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Vacation at home, year round! Sink your toes in your own sandy beach while enjoying an estate-size lot! Stunning piece of property on Wallum Lake located directly on the MA/RI line. Bring your plans and make your dreams come true. Sale consists of Lot 2 Shore Road plus an additional 6,956 sq. feet of sandy beach, currently a separate parcel, directly across the street. Enjoy the views and 332 acres of Wallum Lake year round. Views across the water are of RI and MA State Forest. Lot passed perc and deep hole testing 11/2019. ANR on file with Worcester Deeds. Build your dream home and enjoy year-round lake recreation! Lots offered as-is, where-is.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017