280 Mashapaug Rd
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 |
|---|---|---|---|
| Jun 30, 2023 | Sold | ||
| Sold | |||
| May 25, 2023 | In contract | - | |
| In contract | |||
| Apr 22, 2023 | Listed by Sullivan & Company Real Estate, Inc. | $499,000 | |
| Listed by Sullivan & Company Real Estate, Inc. | |||
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Updated lake front home on Hamilton Reservoir's South Basin. The 200 feet of lake frontage provides a private feel to the setting. The home has an open floor plan giving it a spacious feeling. The views from the floor to ceiling windows of the lake and surrounding area are very scenic. The house is being sold furnished making it move in ready. The sale also includes an outdoor hot tub, some out door furniture and an expansive dock system including a kayak rack. With a large deck facing the water and a patio area at the waters edge there is plenty of space to relax and watch the setting sun. At night there is a fire pit to gather around and enjoy the evening. Hamilton Reservoir is a fully recreational lake. Swimming, boating, fishing in the summer. Ice fishing, ice skating etc. in the winter. **No showings until Noon on Monday, April 24.**
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| Dec 2, 2022 | Withdrawn | - | |
| Withdrawn | |||
| Aug 26, 2022 | Listed by Sterling Lion, LLC | $500,000 | |
| Listed by Sterling Lion, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017