40 Lake Street
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 |
|---|---|---|---|
| Sep 10, 2024 | Sold | ||
| Sold | |||
| Jul 17, 2024 | In contract | - | |
| In contract | |||
| Jun 3, 2024 | Listed by Berkshire Hathaway HomeServices Robert Paul Properties | $1,100,000 | |
| Listed by Berkshire Hathaway HomeServices Robert Paul Properties | |||
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This quintessential Cotuit Village home is thoughtfully renovated and set on nearly half an acre of park-like grounds. A charming covered porch offers character and curb appeal before guests cross the threshold to a sun-splashed living area with built-in bookshelves. The updated kitchen is complete with stainless steel appliances and a breakfast bar, with an adjacent dining area that overlooks the scenic backyard. Two spacious bedrooms and a full bathroom comprise the second level. A walkout lower level is finished with an additional bedroom, full bathroom, and bonus room. Completely enveloped by mature trees, the expansive backyard enjoys total privacy and spans all the way to Lewis Pond Road with endless potential for future development. Located a short walk from everything Cotuit has to offer, this magnificent village home is ready to be enjoyed for years to come.
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| Feb 17, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017