38 Newport Drive
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%.
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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 1, 2023 | Sold | ||
| Sold | |||
| Oct 2, 2023 | Listed by BHHS Verani Concord | $386,000 | |
| Listed by BHHS Verani Concord | |||
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Completely renovated 2000 ranch home with open concept kitchen and diningroom, large livingroom, primary bedroom with bath and 2 others on first floor; basement offers large family room and another den/library, utility room and storage area. Home sits back from road with entrance from paved driveway onto 16x20 deck. Just Rt 28 for ease to get seacoast or south; this community offers rights to two lakes, tennis , golf, and pools, club house. Great area for year round living or rental for extra income. 30 min to Gunstock for winter skiing; 20 min to Lake Winnipesaukee and lake amenities. Or stay local and use the beaches on Locke Lake/Halfmoon Lake or resident Suncook Lake. Great efficient home and ready to move in...
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| Apr 23, 2019 | Sold | ||
| Sold | |||
| Feb 11, 2019 | Listed by Locke Associates Inc. | $199,000 | |
| Listed by Locke Associates Inc. | |||
| Apr 20, 2011 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017