Lot 23 Tripp 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 |
|---|---|---|---|
| May 23, 2017 | Sold | ||
| Sold | |||
| Mar 2, 2017 | Listed by Conway - Lakeville | $125,000 | |
| Listed by Conway - Lakeville | |||
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100x200 (20,000 SF) lot in a beautiful neighborhood! Perc Test Was done in 2010. Letter from Building Dept from 2010 Stating it is considered a buildable lot per Westport Zoning bylaws. It is lot 23 Map 5 Lot 1J Plan Bk 70 Pg 51 Recorded at registry of deeds Bk 1411 PG 304
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