119 Riptide Avenue
About This Property
Lawn SPRINKLERS, a SECURITY System, SHED plus a large 2 car garage with attic storage complete the package. Close to LBI beaches, Rt 72 & GSPWY
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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%.
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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 |
|---|---|---|---|
| Sep 3, 2019 | Sold | ||
| Sold | |||
| May 23, 2019 | Listed by Weichert Realtors-Forked River | $309,000 | |
| Listed by Weichert Realtors-Forked River | |||
| Nov 14, 2013 | Sold | ||
| Sold | |||
| Jul 26, 2013 | Listed by RE/MAX at Barnegat Bay - Ship Bottom | $214,900 | |
| Listed by RE/MAX at Barnegat Bay - Ship Bottom | |||
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The Perfect First Investment... or, Downsize with Style!! This open ranch is located on a quiet street, yet close to the medical centers and Parkway! From hardwood flooring and cathedral ceiling, to a large kitchen and dining area with sliders leading to fenced backyard with large patio to expand leisure activities to the out of doors, to a large Master bedroom with ensuite bath and walk-in closet, to a double garage with ample storage, this well-maintained home is too good to last too long! The gracious entryway with foyer closet opens up to large living room and dining area and highlights beautiful hardwood flooring, cathedral ceilings and large Andersen windows overlooking the backyard. The dining area features sliders leading to 15x15 patio for those family barbecues. Experience the joy of cooking in this fully equipped eat-in kitchen with new dishwasher, new refrigerator and gas stove with new range hood, adjoining the laundry room for convenience. The master suite features larg,e walk-in closet, wood flooring and offers ensuite bath with new laminate flooring. The insulated 2-car garage has direct entry from exterior, along with a hot tub. This home features a gas furnace with humidifier, along with central air and gas forced hot air. The large fenced backyard is big enough for a pool. The sprinkler system is located on the sideyards and front yard, along with plumbing in the backyard to expand the irrigation system if you so desire. If location, value and quality are important, call your REALTOR for an appointment to see today!
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Property Highlights
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About Ocean Acres
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$3,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017