704 VT Route 12
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 |
|---|---|---|---|
| Dec 1, 2023 | Sold | ||
| Sold | |||
| Aug 19, 2023 | Listed by Purpose Properties LLC | $339,000 | |
| Listed by Purpose Properties LLC | |||
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Welcome home! Custom built home on a property that has a bit of everything to offer with close proximity to town. Perched on a lovely hillside overlooking a mountain range to the East, sits this cozy home. It has 2 bedrooms upstairs PLUS an additional bedroom in the finished basement, a renovated custom kitchen, updated bathrooms, large family/dining area and a bonus room in the finished basement. Enjoy a relaxing Vermont evening sitting out on the porch right off of the living space. Don't need all of the 2300+SF of finished living space? There is a possibility to make the finished basement into an in-law apartment or rental. The property is also in a commercial zone with the possibility to have a home business of sorts. If you enjoy gardening or outdoor entertaining around a firepit, there is ample room in the yard. A small pear orchard with young trees along with a few matured apple trees are also located on the property. There is an upper back lot where you can enjoy the privacy this parcel has to offer with some beautiful higher views. The yard also has good sun exposure as there are solar panels on the house to offset electrical costs. Endless possibilities, come take a look!
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| Dec 12, 2014 | Sold | ||
| Sold | |||
| Jan 23, 2014 | Listed by Dennis Brown Realty | $170,000 | |
| Listed by Dennis Brown Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017