9 Middle 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%.
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 13, 2023 | Sold | ||
| Sold | |||
| Nov 14, 2023 | In contract | - | |
| In contract | |||
| Nov 3, 2023 | Listed by Churchill Properties | $395,000 | |
| Listed by Churchill Properties | |||
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CLASSIC SEASONAL SUMMER HOME LOCATED ON BEAUTIFUL CONOMO POINT- Enjoy panoramic views of the Essex River, Crane Beach and surrounding marshes from your front porch or side deck! This wonderful summer cottage is fully insulated and heated allowing you to "take the chill off" during early or late season stays. The first floor has an open floor plan including a kitchen, dining area, half bath and living room. A fabulous enclosed porch runs along the front of the property, overlooking the river, town dock and mooring fields.The second floor has a full bath, main bedroom with a sitting area and two additional bedrooms.There is a detached barn and full bsmt. Conomo Point has MANY access points to the water for boating, kayaking, sailing. PROPERTY ON LEASED LAND. CURRENT YEARLY LEASE IS $12,852.80 TAXES NOT INCLUDED IN FEE. HOUSE IS RESTRICTED TO SEASONAL USE, APRIL 15 THRU OCT 15, AS PER LEASE. TOWN WATER APRIL 15-OCT 15. SEPTIC HAS COMPOSTING TOILETS. *OFFERS DUE NOV 13 5PM CASH ONLY*
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017