3 Drumhack 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 |
|---|---|---|---|
| Oct 16, 2024 | Sold | ||
| Sold | |||
| Aug 16, 2024 | In contract | - | |
| In contract | |||
| Aug 2, 2024 | Listed by LandVest, Inc., Manchester -by-the-Sea | $4,100,000 | |
| Listed by LandVest, Inc., Manchester -by-the-Sea | |||
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Exceptional waterfront offering on over 2 acres with 180 feet of frontage on the Atlantic Ocean in Gloucester’s coveted Eastern Point, The location is both stunning and serene and part of what remains of a large estate that’s been in the same family for more than a hundred years. It’s situated beyond open fields and off a quiet dead-end road that winds through light woodland and past a small orchard before the drive brings you to a secret place with mature trees and extensive lawns with endless views to the horizon and direct access to the rocky shore. The home is thoughtfully designed to take advantage of the views, with clean lines, loads of natural light, wide pine floors, and large wooden beams. Impeccably maintained, the home is the ideal weekend, seasonal or year-round retreat on the water in the most desirable section of Eastern Point.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017