118 Colonial 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 |
|---|---|---|---|
| May 28, 2025 | Sold | ||
| Sold | |||
| May 3, 2025 | In contract | - | |
| In contract | |||
| Apr 28, 2025 | Listed by Ward Wight Sotheby's International Realty | $615,000 | |
| Listed by Ward Wight Sotheby's International Realty | |||
| Oct 10, 2014 | Sold | ||
| Sold | |||
| Jan 27, 2014 | Listed by RE/MAX at Barnegat Bay - Toms River | $253,700 | |
| Listed by RE/MAX at Barnegat Bay - Toms River | |||
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**PRICE REDUCTION SET BY BANK ** A golden opportunity to live in a home that is larger than it looks,in the Midstreams area of Brick. This Split Level home features 3 Bedrooms,Living Room, Kitchen, 2 Family Rooms, office, spare room, utility room and more! Gas Heat,Central Air, Deck,Fenced Yard and In-ground Pool! Offered below assessed value! Additional Photos and Virtual Tour to be uploaded soon! 3rd Party Approval will be required, however it has been Pre-approved and the price set by the lender.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017