25
Map
103 Drake Lane
About This Property
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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 |
|---|---|---|---|
| Mar 22, 2025 | In contract | - | |
| In contract | |||
| Jan 28, 2025 | Listed by Keller Williams Team Realty | $385,000 | |
| Listed by Keller Williams Team Realty | |||
| Nov 2, 2016 | Sold to Alexander Marrano | ||
| Sold to Alexander Marrano | |||
| Oct 8, 2003 | Sold to Donna Gorman, Richard Gorman | ||
| Sold to Donna Gorman, Richard Gorman | |||
Property Highlights
103 Drake Lane
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Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
02/03/2025
|
2 Bed
|
2 Bath
|
-
|
$385,000
2 Bed
2 Bath
|
-
-
|
-
|
DEBORAH RIVERA
KELLER WILLIAMS TEAM REALTY
|
Building Info
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Keller Williams Team Realty
Last Updated: 3 days ago
Data Source: NJMLS , MLS# 25003039
All information deemed reliable but not guaranteed.© 2024 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
