Lot 3 Thomas Cory Ln Westport — Photo 1 of 14
$475,000
Investment Analysis — Lot 3 Thomas Cory Ln
Westport, MA 02790 — South Westport
Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a home in 02790 carries an estimated $1,330/mo in gross rent — about a 1.35% cap rate and $6,430/yr in estimated NOI at the $475,000 list price. Adjust every assumption in the calculator below.
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Welcome to Cory Ridge Estates, a new subdivision located off Cornell Road in South Westport. With only one lot remaining, Lot 3—the middle lot—is a rare opportunity to build your dream home in a beautiful, private setting.This 1.41-acre lot has been perc tested, with utilities already run to the lot, making it ready for your building plans. The property retains beautiful old stone walls and is conveniently located near Westport Conservation Land Trust land, offering easy access to protected open space and the natural beauty of South Westport.The new road is in the final stages of construction and will be a gravel road with underground utilities. Natural gas is not available.A great opportunity to build in a newly created subdivision while enjoying the character, privacy, and open space that make South Westport so desirable.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
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Interior Specifications
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Building & Exterior
Property & Lot
Neighborhood
Park • Walk/Jog Trails • Conservation Area • Highway Access • Other
Geography
Listing Agent: Nicole Plante
Listing Office: Even Keel Realty, Inc.
MLS® Number: 73563952