501 Main 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 |
|---|---|---|---|
| Oct 30, 2018 | Sold | ||
| Sold | |||
| Oct 11, 2018 | No longer available | - | |
| No longer available | |||
| Aug 13, 2018 | Listed | $334,900 | |
| Listed | |||
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Iconic, c.1860 original homestead of Woodland Farms. Located on the corner of Main Road and Strawberry Lane surrounded by beautiful stonewalled defined fields: some cleared and some wooded. True country farm feel. 1.38 acres with 277 frontage on Main Road 3 bedrooms and 1.5 baths. Recently refinished recessed tin roof (2016), new cedar clapboards on 3 sides and painted (2016), new energy efficient Beckett furnace (2016), new double walled Roth oil tank (2014) and new stove (2017). Remodeled bathrooms. Refrigerator, washer and dryer included in sale. 3-season porch. Artesian well. Title V has passed. Only minutes way from Horseneck and Westport Town Beaches, Central Village (3/4 of a mile), shops, market, farm stands, eateries, brewery, vineyards, walking trails tennis courts, library and the additional charms of this entire MA and RI coastal area. Just 30 minutes to downtown Providence and 1.5 hours to downtown Boston. Home is original farmhouse of 50+ acre farm and part of the Woodland Farms sub-division. There is a restrictive covenants and homeowners association but they do not meet and there are no homeowners association fees, just guidelines to keep property values intact. The manager has listed the unit size as 1260 square feet.
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| Jul 18, 2018 | Listed by South Coastal Realty, LLC | $334,900 | |
| Listed by South Coastal Realty, LLC | |||
| Sep 4, 2008 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017