6 Sheep Pond 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 |
|---|---|---|---|
| Feb 26, 2024 | Sold | ||
| Sold | |||
| Mar 31, 2021 | Sold | ||
| Sold | |||
| Jul 23, 2020 | Sold | ||
| Sold | |||
| Oct 20, 2006 | Sold | ||
| Sold | |||
| Mar 10, 2006 | Listed by Non Member Office | $1,100,000 | |
| Listed by Non Member Office | |||
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A dream home site located in Madaket, this wonderful Nantucket location overlooks the Atlantic Ocean to the south & Long Pond to the west: 6 Sheep Pond Rd. The site is within conservation lands & is surrounded by low growth, native shrubbery. Convenient to a marina & allows direct access to beach. A conservation agreement limits all homes in the area to 2000 sf interior (excluding decks and patios) & a structure ridge height of up to 30 feet. (Seller pays Nantucket Conservation Foundation fee.
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