10 CLEARWATER DRIVE
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 |
|---|---|---|---|
| Jul 8, 2022 | Sold | ||
| Sold | |||
| May 27, 2022 | Listed by EXP Realty, LLC | $360,000 | |
| Listed by EXP Realty, LLC | |||
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This 3 bedroom, 2 bath split-level home in North Cape May features 1720 sq ft. of living space and backs up to a natural wildlife area. There are no neighbors behind you. There is plenty of room to spread out in this home. The covered front porch (veranda!) is the perfect spot to sit and relax. The main floor features the living room, dining room & kitchen. French doors open into a four-season room with plenty of windows that let in natural light (warm in the winter!). Upstairs, there are 3-bedrooms and a large bathroom. Downstairs, features a huge 22X13 family room, a full bathroom, a laundry room, and a bonus room. This layout with access to the backyard has the perfect potential for an in-law suite, guest room, office or virtual classroom (The possibilities of transformation of this area are endless) Enjoy the backyard to its full extent! It has a fully fenced in yard, deck and patio — with plenty of space to play. Just minutes to the Delaware Bay and the Cape May Beaches. 1-2 miles away from all lower township schools. Leased solar panels means low electric bills! Buyer responsible to transfer solar panels.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017