40 Davis Crossing 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 12, 2024 | Sold | ||
| Sold | |||
| Jul 17, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Listed by Keller Williams Realty-Metropolitan | $250,000 | |
| Listed by Keller Williams Realty-Metropolitan | |||
| Nov 2, 2023 | No longer available | - | |
| No longer available | |||
| Sep 16, 2023 | Listed by Keller Williams Realty Metropolitan | $250,000 | |
| Listed by Keller Williams Realty Metropolitan | |||
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Opportunity awaits! Just minutes away from Alton Bay, Lake Winnipesaukee and Merrymeeting lake. This property has 2 residences on it and a large 2 car garage/automotive shop. One property is a NEW CONSTRUCTION home with a poured concrete foundation and new framing a roof. Property was not finished construction and is just framed with a new architectural shingle roof. Waiting for you to finish! It was permitted for a 2 bed, 2 bath home. Another residence exists which is the ranch style home closer to the road. That property is in disrepair and likely needs to be demolished. A large automotive shop is on the property with a car lift and tools inside. This property is zoned mixed use so the new owner could run their automotive or other business from the shop. The shop would work for a machinist, woodworking, automotive, autobody or BOAT WORK being close to New Hampshire major lakes; or simply a car enthusiast or someone looking for lots of storage. A looped driveway gives you easy access to park, exit on the road, and move vehicles around. The wooded location has trees and seclusion. Finish the new construction home and have yourself an excellent property with lots to offer! The manager has listed the unit size as 1200 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017