10 E POINT RD
About This Property
The septic and roof were new in 2021. Newer vinyl windows also in 2021. Some plumbing was recently updated, and the barn will be sold in its current, AS IS condition.
Whether you love to spend your mornings watching the sunrise from the comfort of your porch or you decide to lounge in the cozy living room, this is the perfect location to get away from it all. Your new home is located close to waterways, fishing and just down from the East Point Lighthouse, which borders the Maurice River and Delaware Bay. In addition, Thompson's Beach is not far away, and if you love the Jersey shore, you'll be able to get a jump ahead of the summer traffic from here. Interestingly enough, the immediate area is also part of the migratory path of the Monarch butterfly.
Don't miss your opportunity to purchase a move in ready home cheaper than what you may be paying in monthly rent! Make an appointment today to check it out and submit your offer while it is still available.
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Cap Rate Calculator
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 13, 2024 | Sold | ||
| Sold | |||
| Jul 5, 2024 | In contract | - | |
| In contract | |||
| Jun 10, 2024 | Relisted | $205,000 | |
| Relisted | |||
| May 24, 2024 | In contract | - | |
| In contract | |||
| May 17, 2024 | Listed by Coldwell Banker Excel Realty | $205,000 | |
| Listed by Coldwell Banker Excel Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017