74 Turquoise
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Cap Rate Calculator
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, 2025 | Listed by KW Vermont | $575,000 | |
| Listed by KW Vermont | |||
| Oct 29, 2024 | In contract | - | |
| In contract | |||
| Oct 17, 2024 | Price Decreased |
$239,000
↓ $36K
(13.1%) | |
| Price Decreased | |||
| Jul 9, 2024 | Listed | $275,000 | |
| Listed | |||
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Welcome to Turquoise Road, Shelburne Village’s newest subdivision, where you can build your dream home on a highly desirable .79 acre lot. Nestled on a private road, this prime piece of land offers both seclusion and scenic beauty, with pastoral views and abundant surrounding greenery. Imagine waking up to the gentle sounds of nature, with wildlife passing by and birds singing outside your window. This lot boasts eastern exposure, providing beautiful morning light to start your day. The property is approved for a three-bedroom home and comes with essential utilities already in place, including town water and sewer, electric service at the lot, and natural gas nearby. All the hard work has been done, so you can focus on designing and building your dream home. Living here, you’ll become part of the welcoming Shelburne community. Enjoy the convenience of being moments away from the town beach, Shelburne Museum, and Shelburne Farms. Spend your weekends hiking, exploring the local farmers market, or simply relaxing in your serene surroundings. Join the vibrant Shelburne community and experience the best of both worlds: the tranquility of a private, picturesque lot with easy access to all the amenities and activities Shelburne has to offer. Don’t miss this opportunity to create your dream home in this idyllic setting.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017