381 Glen 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 |
|---|---|---|---|
| Aug 16, 2023 | Sold | ||
| Sold | |||
| Jul 12, 2023 | Listed by Sanville Real Estate, LLC | $49,500 | |
| Listed by Sanville Real Estate, LLC | |||
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NEWPORT CITY - Affordable investment property. Ready for a project? This 3 bedroom home is waiting for your finishing touches. Open kitchen/living area, 3 bedrooms upstairs, an unfinished bathroom area, 1 car detached garage. Recent improvements include new electric hot water heater and propane heating unit downstairs. Just seconds from beautiful Downtown Newport, South Bay/Lake Memphremagog, I-91, and Canada is 10 minutes up the road. Come finish it! This property is being sold as-is and will not qualify for government insured loans such as FHA/VA/USDA.
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| Feb 28, 2022 | Sold | ||
| Sold | |||
| Jan 28, 2022 | Listed by Jim Campbell Real Estate | $54,500 | |
| Listed by Jim Campbell Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017