Lot 4 Main 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 |
|---|---|---|---|
| Feb 4, 2022 | Sold | ||
| Sold | |||
| Mar 31, 2020 | Listed by RE/MAX Vantage | $230,000 | |
| Listed by RE/MAX Vantage | |||
| | |||
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NEW LOT on lower Main Road. New 1.49 acre parcel in bucolic setting beckons. 172.09 feet of road frontage. Percs are done. Lot is mostly upland. Seller will require underground utilities. Natural gas nearby. No design review or restrictive covenants. Not far from Westport Point, gorgeous ocean beaches, marina, restaurants, walking trails!
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| Dec 2, 2019 | Sold | ||
| Sold | |||
| Aug 19, 2019 | Listed by Alden Hill Real Estate, Inc. | $339,900 | |
| Listed by Alden Hill Real Estate, Inc. | |||
| Nov 11, 2014 | Listed by Alden Hill Real Estate, Inc. | $550,000 | |
| Listed by Alden Hill Real Estate, Inc. | |||
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