40 Beechwood 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 23, 2018 | No longer available | - | |
| No longer available | |||
| Jul 31, 2018 | Sold | ||
| Sold | |||
| Jun 11, 2018 | Listed | $349,900 | |
| Listed | |||
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Peace, tranquility and stunning views all wrapped up into one beautiful lake house! If you are looking for a private year-round retreat on the water or a great income producing property, this house fits the bill. A rare opportunity indeed, this home comes complete with 1.25 private acres, over 400 feet of beach frontage on Phillips Pond, a huge screened in porch to entertain, fire pit, oversized deck and so much more. Inside find a great open concept design with 3 bedrooms, 2 bathrooms and vaulted ceilings that capitalize on incredible views from any room of the house. Supplement your income by offering seasonal rentals with an already established AirBnB listing, promising a great return on your investment! The home includes 3 additional lots: 6-31, 6-33, and 6-36 in addition to 6-32 (the house lot) totaling 1.25 acres for added privacy. Set at the end of a private road, just steps to the water, you have a once in a lifetime chance to own your lake-front dream! The manager has listed the unit size as 1204 square feet.
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| May 17, 2018 | Listed by Studio H Real Estate, LLC | $349,900 | |
| Listed by Studio H Real Estate, LLC | |||
| | |||
|
Peace, tranquility and stunning views all wrapped up into one beautiful lake house! If you are looking for a private year-round retreat on the water or a great income producing property, this house fits the bill. A rare opportunity indeed, this home comes complete with 1.25 private acres, over 400 feet of beach frontage on Phillips Pond, a huge screened in porch to entertain, fire pit, oversized deck and so much more. Inside find a great open concept design with 3 bedrooms, 2 bathrooms and vaulted ceilings that capitalize on incredible views from any room of the house. Supplement your income by offering seasonal rentals with an already established AirBnB listing, promising a great return on your investment! The home includes 3 additional lots: 6-31, 6-33, and 6-36 in addition to 6-32 (the house lot) totaling 1.25 acres for added privacy. Set at the end of a private road, just steps to the water, you have a once in a lifetime chance to own your lake-front dream!
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| May 9, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017