57 Highland Drive
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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 |
|---|---|---|---|
| Dec 21, 2023 | Sold | ||
| Sold | |||
| Aug 13, 2023 | Listed by Corcoran Legends Realty | $349,000 | |
| Listed by Corcoran Legends Realty | |||
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|
Why rent when you can own this charming cottage with a great location... unique Summer home, apartment alternative, or downsizer... walk to the beach after dinner and relax in the gazebo while you watch the sunset over the lake... yet just minutes to Rt 9, stores and restaurants. Continental Village community enjoys the scenic park enveloping the pristine Cortland Lake... there is a clubhouse, beach, tennis and basketball courts, playgrounds, gazebo and much more... enjoy swimming, kayaking, paddle boarding, playing basketball, pickle ball or tennis... all just a few steps from your front door... glorious 2 bedroom 1 bath home w. new detached garage... additional parking in driveway... lovely & very private Trex backyard deck w. stone firepit... plus tranquil side yard patio... bucolic tiered backyard w. a gated & fenced off area for gardening... separate utility & laundry room... newer water heater & new furnace w. above ground oil tank... pull down steps to storage attic... this home has also lots of potential... owner has plans for a 2nd floor addition if you need more room... Don't miss this one, it won't last!!!
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| Aug 3, 2023 | Listed by Corcoran Legends Realty | $349,000 | |
| Listed by Corcoran Legends Realty | |||
| Dec 6, 2017 | Sold | ||
| Sold | |||
| Sep 2, 2017 | Listed | $250,000 | |
| Listed | |||
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Absolutely the perfect little cottage- everything has been done for you and the location is ideal- walk to the beach after dinner and relax in the gazebo while you watch the sunset over the lake yet just minutes to Rt 9, Metro North, stores and school...Brand new flooring throughout, NEW stove- an immaculate home- just bring your furniture and enjoy...now is the time to stop renting- throwing money away and get your own place- no worries about parking- freshly blacktopped driveway and a carport...LOW heating costs and LOW taxes make this place great investment...Living in the desirable Continental Village community you get to enjoy the pristine lake- swimming, kayaking, paddleboarding, playing basketball- all just a very short walk from your house and for parties you can rent the clubhouse for a nominal fee- all is so convenient here...Make an appointment today to see this perfect home! The manager has listed the unit size as 897 square feet.
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About Putnam
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017