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9 Cortland Dr
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 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 11, 2018 | Listed | $369,000 | |
| Listed | |||
| | |||
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Welcome home to this very unique ranch with expansive fenced in yard, large barn and town approved accessory apartment with its own entrance and parking. When you enter the home you are immediately greeted with soaring ceilings and skylights that create an open and bright living area that is perfect for entertaining. The kitchen is bright and has plenty of cabinets and island for a cozy meal. The main house also has a master bedroom with its own 1/2 bath, another bedroom and custom full bath with Jacuzzi tub and shower. The accessory apartment has its own kitchen, bedroom, living area and 3/4 bathroom all on the first level. Great location in Hampstead, near major commuting routes, shopping and town amenities. The manager has listed the unit size as 1800 square feet.
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| Jul 30, 2015 | Sold | ||
| Sold | |||
| Jun 4, 2015 | Listed by Coco, Early & Associates | $384,900 | |
| Listed by Coco, Early & Associates | |||
| Jul 19, 2012 | Sold | ||
| Sold | |||
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