5473 Willoughby Lake 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 |
|---|---|---|---|
| Mar 26, 2021 | Sold | ||
| Sold | |||
| Feb 27, 2021 | Listed by StoneCrest Properties, LLC2 | $199,000 | |
| Listed by StoneCrest Properties, LLC2 | |||
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Here is a great Victorian style renovation project with much work done already in a highly sought area! Walkable to North Beach on Lake Willoughby (only half a mile down the road!) and 1000 feet from the VAST trail! Willoughby river is in the backyard, and there are many miles of hiking trails within minutes from here. This is a recreation paradise being very close to Burke Mtn and Kingdom trails for skiing and mountain biking (20-25 min) and Jay Peak less than an hour away! Not to mention the many lakes, ponds outdoor recreation otherwise all within an easy drive. This home would need to be purchased with a construction loan, cash or alternative. Seller is willing to contribute the new heating system with the right offer. Here is a great chance to gain sweat equity in a home in an outstanding location! Seller is a licensed real estate agent.
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| May 3, 2019 | Sold | ||
| Sold | |||
| Aug 30, 2018 | Listed by Century 21 Farm & Forest | $99,900 | |
| Listed by Century 21 Farm & Forest | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017