7 Burt 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 |
|---|---|---|---|
| Aug 21, 2024 | Sold | ||
| Sold | |||
| Jul 17, 2024 | In contract | - | |
| In contract | |||
| Jul 10, 2024 | Listed by Coldwell Banker Community REALTORS® | $225,000 | |
| Listed by Coldwell Banker Community REALTORS® | |||
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Are you looking for a great getaway--where you are surrounded by nature, without a house in sight, where you can enjoy peace and quiet? Maybe you're looking for a writers retreat or a place to just get away from the hustle and bustle of your busy life? This cottage may be just the place for you. Close to the center of Westhampton, this cottage is set on 3.25 very private acres. Perched up on a hill, you will need 4-wheel drive to drive up--or park at the bottom and enjoy a good hike up the hill. For the last 20 years, this property has been used as a three-season retreat. It's a sweet cottage with a nice sized living room/dining room combo with built in bookshelves and a wood stove hook-up, a cute kitchen, one bedroom with a fireplace with wood stove hook up, and a sunroom that leads out to the deck. It has it's own well and septic system. This property may not qualify for financing due to it not having a traditional foundation(on piers). Being sold AS-IS and fully furnished.
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| Sep 27, 2022 | Withdrawn | - | |
| Withdrawn | |||
| Sep 27, 2022 | Relisted | $239,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017