LOT 1 River Rd
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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 |
|---|---|---|---|
| Sep 18, 2026 | Sold | ||
| Sold | |||
| Aug 14, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Listed by Lamacchia Realty, Inc. | $299,900 | |
| Listed by Lamacchia Realty, Inc. | |||
| Nov 2, 2010 | Sold | ||
| Sold | |||
| Aug 11, 2010 | Listed by Salt Marsh Realty Group | $119,900 | |
| Listed by Salt Marsh Realty Group | |||
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NEW LISTING SOMERSET.....TOWN WATER AND SEWER. VERY AFFORDABLE LARGE 14,375 SQ. FT. LOT LOCATED OFF LEES RIVER AVE. MINUTES TO HIGHWAY ACCESS...PRICED TO SELL. NEAR THE RIVER. GARAGE ON PROPERTY MUST BE REMOVED PER ORDER OF SUBDIVISION APPROVAL. CALL FOR PLOT PLAN
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