551 Otis Rd
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 |
|---|---|---|---|
| Feb 7, 2025 | Sold | ||
| Sold | |||
| Jan 27, 2025 | In contract | - | |
| In contract | |||
| Jan 10, 2025 | Listed by Stuart St James, Inc. | $699,000 | |
| Listed by Stuart St James, Inc. | |||
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60’ of Direct Lakefront! This 4 season cottage is the perfect getaway only 2 hrs from Boston and 2.5 from NYC. If you're looking for passive income, this home is a rental favorite all year long. In the winter you can ice skate, ice fish or sit by the huge fieldstone fireplace and in the summer you can take the electric paddle boat out in the water, admire the views from the screened in porch or play games on the lawn next to the fire pit. Very low maintenance from afar. Shaw pond is a hidden gem which allows power boats and has some of the best fishing in the Berkshires. Brand new fancy heating system just installed. Optional HOA of $375/YR gives you access to the local private beach and trash facilities. Very clean and popular yet peaceful lake only 11 mins away from the MA Pike. There is nearby skiing, highly regarded restaurants, well known coffee shops, a large chain supermarket, amazing hikes and only 5 mins to world re-known Jacob's Pillow. All furnishings available for purchase.
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| Oct 10, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 30, 2024 | Price Decreased |
$725,000
↓ $24K
(3.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017