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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 |
|---|---|---|---|
| Nov 26, 2024 | Sold | ||
| Sold | |||
| Nov 17, 2024 | In contract | - | |
| In contract | |||
| Nov 14, 2024 | No longer available | - | |
| No longer available | |||
| Aug 26, 2024 | In contract | - | |
| In contract | |||
| Aug 17, 2024 | Listed by Elyse Harney Real Estate | $169,000 | |
| Listed by Elyse Harney Real Estate | |||
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Lakefront Summer Cottage on Indian Lake - 2 bedroom 1 full bath, well maintained, with new roof and new septic, with direct water frontage on Indian Lake. Open floor plan, kitchen overlooking the living room and dining room. Enjoy the best of summer cottage living! There is a sweet screened-in porch and deck overlooking the lake. Close to the Villages of Millerton & Sharon, Lakeville, Salisbury, CT. Wassaic Train Station is only 15 minutes away. This property is on leased land. There is a yearly lease payment of $3,700. Property is limited to usage from April 15 to Nov 1. Weather permitting the water is turned on for April 15 and will be turned off on Nov 1. The road is closed during the winter months. The lease is for 10 years. Property cannot be a rental property! Cash-only buyers!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017