405 Cross 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%.
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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 |
|---|---|---|---|
| Jul 1, 2022 | Sold | ||
| Sold | |||
| May 6, 2022 | Listed by Maple Sweet Real Estate | $295,000 | |
| Listed by Maple Sweet Real Estate | |||
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Style and light. Wonderfullly intimate home sweet home with a completely finished, detached barn apartment just 25 minutes to Dartmouth College and Hanover. Rent out the barn apt with a 2nd kitchen, living/dining, full bathroom and a studio/sleeping room upstairs. Set on both sides of Cross Road, enjoy the bright, chic spaces with a wall of south facing glass living room, durable hardwood maple kitchen floor, skylit den currently used as a bedroom and a large bathroom and laundry room on main. Upstairs two six foot or so ceiling bedrooms with a sprawling master; potential to blow open the 2nd floor ceilings for added ceiling height. The barn studio, rented consistently to traveling nurses, Dartmouth employees and students currently for $1,500 a month has a high vaulted 2nd floor bedroom stuccoed ceiling. House features a spacious mudroom and a new presssure treated front steps deck over perennial garden, a 2nd garden in the back yard and a couple of sheds. A narrow meadow across the street is yours too for micro farming, goat, pigs or sheep with such personality goats next door. Throw in uber fast fiber optic nternet so you can telecommute. With almost nothing on the market under the $400k mark, here are a house and accessory income producting stand alone apartment to offset your carrying costs for under $300k. A must see for intimate charm and solid intrinsics.
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| Jun 25, 2021 | Sold | ||
| Sold | |||
| May 4, 2021 | Listed by Maple Sweet Real Estate | $199,500 | |
| Listed by Maple Sweet Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017