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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 23, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | Listed by Jim Campbell Real Estate | $429,900 | |
| Listed by Jim Campbell Real Estate | |||
| Nov 5, 2019 | Sold | ||
| Sold | |||
| Aug 28, 2019 | Listed by Century 21 Farm & Forest | $235,000 | |
| Listed by Century 21 Farm & Forest | |||
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This Newport home was built in 2014 and has been very well maintained and upgraded. The home offers 3 bedrooms and 2 full baths all on the main level with hardwood and tile floors. The large kitchen has been upgraded with granite counters and equipped with stainless appliances including a gas range. The living space is an open concept with access to the front covered porch and the rear deck. A dual purpose laundry / mud room is located off the attached garage. There is a full unfinished walkout basement with lots of room to expand. The house is heated by a high efficiency propane boiler and the heat is well contained due to the spray foam insulation. Additional storage is available above the garage. The exterior offers an extra wide paved driveway with ample parking for an RV as well as a stamped concrete walkway to the covered front sitting porch. The back yard has room for gardens, kids and / or pets. Enjoy a short walk to the sandy shared beach, the recreational path, Bluffside Farm, the hospital, high school or a nice walk to downtown Newport.
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| Nov 10, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017