1207 Laurel Boulevard
About This Property
4 bedroom, 4 bath waterfront Colonial with attached 2 car garage located in the Lanoka Harbor section of Lacey Township. Gas and electric utilities have been removed. Home has public water and sewer.Seller will not negotiate offers with home sale contingencies.
NOTE: Home is being sold AS IS. Home has water and mold damage and has been declared more than 50% damaged by Superstorm Sandy. Home has buckled floors, missing carpet/padding, missing gas and electric meters/lines, dock and bulkheading requires repair and/or replacement, entire kitchen is missing, including cabinets, countertops, appliances and plumbing. The water/sewer lines from the home to street have been disconnected
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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 |
|---|---|---|---|
| Dec 23, 2019 | Sold | ||
| Sold | |||
| Nov 19, 2019 | Listed by RE/MAX at Barnegat Bay | $106,000 | |
| Listed by RE/MAX at Barnegat Bay | |||
| Mar 20, 2019 | No longer available | - | |
| No longer available | |||
| Oct 8, 2018 | Listed | $225,000 | |
| Listed | |||
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Calling all Contractors, Investors and Handymen!!! Great Location with short ride to open waters. 98 ft on the water with vinyl bulkhead. Storm damaged. This home is being sold as is. The manager has listed the unit size as 2710 square feet.
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| Oct 5, 2018 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017