228 Bailey 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 |
|---|---|---|---|
| Dec 29, 2021 | Sold | ||
| Sold | |||
| Sep 12, 2021 | Listed by EXP Realty | $199,999 | |
| Listed by EXP Realty | |||
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This natural setting makes for a perfect retreat or year round home to enjoy all the amenities of the area. The Kitchen has updated cabinets. The open concept living area creates an easy flow and enjoyment of the toasty pellet stove. Upstairs you will find two bedrooms and a half bath. The bedrooms have expansive views of the property. Walkout lower garage/workshop with a separate entrance can be used to store all your toys. Wildlife converges on the pond right outside your door. Close to water access for fishing and boating, snowmobiling and hiking trails are also nearby. Just a short distance to Hillsborough, and Newport. Enjoy the little screened in free standing porch, separate from the main home, overlooking the pond for additional living space in the summer months. Pillsbury State Park is just down the road, or go to the Saturday morning farmer’s market on the town green in Washington.
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| Jul 28, 2017 | Sold | ||
| Sold | |||
| May 20, 2017 | Listed by Bean Group / Amherst | $139,000 | |
| Listed by Bean Group / Amherst | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017