27 Newman 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 |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Feb 4, 2025 | In contract | - | |
| In contract | |||
| Jan 3, 2025 | Listed by Payne Team LLC | $299,000 | |
| Listed by Payne Team LLC | |||
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Welcome to your charming retreat in Pond Eddy, NY! Nestled on a tranquil private road, this beautifully renovated home offers the perfect blend of modern comfort and rustic charm. Boasting 2 spacious bedrooms and 1.5 baths, this property is ideal for both relaxation and entertaining. The updated country kitchen features contemporary finishes that will delight any home chef and a brand new whole house generator will ensure that you'll never have to be without electricity. Step outside to discover your own slice of paradise—gorgeous, magical grounds with beautiful native ferns in the spring and summer months and lush gardens that create a serene escape. Take a refreshing dip in the cowboy pool or relax on the large screened-in porch, perfect for enjoying the sights and sounds of nature. Currently occupied by reliable tenants, this home presents an excellent income property opportunity for savvy investors. Located just a stone's throw from the renowned Homestead School and the Delaware River, you'll have plenty of options for swimming, fishing, and rafting adventures. With a convenient location under 2 hours from NYC, this quaint home is not just a property—it's a lifestyle waiting for you to embrace! Don't miss out on this unique opportunity!
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| Jan 19, 2022 | Sold | ||
| Sold | |||
| Sep 14, 2021 | Listed by Payne Team LLC | $170,000 | |
| Listed by Payne Team LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017