9
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386 Straits
About This Property
Listed By
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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 |
|---|---|---|---|
| Jul 31, 2026 | Price Decreased |
$120,000
↓ $20K
(14.3%) | |
| Price Decreased | |||
| Apr 24, 2026 | Listed by Elaine Hughes Realty Group, LLC | $140,000 | |
| Listed by Elaine Hughes Realty Group, LLC | |||
| Aug 4, 2025 | Sold | ||
| Sold | |||
| Jul 14, 2025 | Listed by KW Coastal and Lakes & Mountains Realty/Hanover | $60,000 | |
| Listed by KW Coastal and Lakes & Mountains Realty/Hanover | |||
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Welcome to 386 Straits Road in New Hampton, NH — a 2-bedroom, 1-bath cottage offering a unique opportunity for those seeking a renovation project, a seasonal retreat, or a fresh start. Built in 1970, this 752-square-foot home sits on approximately +/- 0.11 acres with 100 feet of road frontage. Recent updates include a 4-year-old heating system and a 7-year-old roof, providing a head start for your improvements. While the property is in need of updates, it presents a great opportunity for customization and value-added upgrades. Centrally located just minutes from I-93 and Route 104, this location offers convenient access to Lake Winnipesaukee, Pemi River Recreation, downtown Meredith, and Newfound Lake. Enjoy proximity to outdoor recreation, dining, and shopping while still feeling tucked into a peaceful rural setting. This property will require cash, rehab, or construction loan financing. The seller has never lived on the property. Buyers are encouraged to perform their own due diligence. Whether you're an investor, builder, or someone ready to create a personalized getaway, this New Hampton property holds plenty of potential.
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| Sep 16, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017