107 Suburban Road
About This Property
A distinctive feature of this home is the bonus family room, adorned with vaulted ceilings and a charming wood-burning stove. This space provides a perfect setting for relaxation and gatherings. The main floor comprises three generously sized bedrooms, each offering comfort and style. The beautifully updated bathroom adds a touch of luxury to complete the main living space. Venturing to the basement, you'll discover a finished room that holds incredible potential as a guest space, home office, man cave, or a delightful play area for the kids. The remaining space in the basement is dedicated to practicality, serving as excellent storage, a laundry area, and featuring another full bath. Noteworthy attributes of this residence include a newer roof (2022), updated mechanicals (2023), and a fresh coat of paint throughout most of the home. The result is a turnkey property - just unpack your bags and make yourself at home. Conveniently located in close proximity to shops, schools, parks, and, of course, the Jersey Shore, this property offers the perfect blend of comfort and accessibility.
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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 |
|---|---|---|---|
| May 9, 2024 | Sold | ||
| Sold | |||
| Mar 29, 2024 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Toms River | $499,999 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Toms River | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017