831 Drake 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%.
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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.
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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 |
|---|---|---|---|
| May 16, 2022 | Sold | ||
| Sold | |||
| Feb 7, 2022 | Listed by Westside Real Estate | $475,000 | |
| Listed by Westside Real Estate | |||
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CASTLETON - Minutes to Lake Bomoseen. Private location surrounded by manicured wooded setting, on 10.94 acres. This 2005 Colonial is move-in condition and has recent upgrades, including vinyl plank flooring in living room and master bedroom. Open concept kitchen includes newer appliances, first floor laundry, dining room has sliding doors to spacious backyard and attached deck. Large living room has insert for wood burning fireplace. En suite Master Bedroom has walk-in closet. Dry Basement is partially finished (insulation and sheetrock) along with heat and a Pacific Energy woodstove. The property has a long paved driveway, a 2-car attached and a 2-car detached garage with storage above. Also, has a covered woodshed and a firepit for those welcoming summer evenings. Located in the lakes region and close to Castleton University, Killington and Pico ski areas. Also, near restaurants, medical center, shopping and Amtrak is conveniently located in Castleton Village. Schedule an appointment today to see this impressive turn key property!
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| Jul 9, 2021 | Sold | ||
| Sold | |||
| May 5, 2021 | Listed by New England Lakeside Realty | $395,000 | |
| Listed by New England Lakeside Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017