1208 Oak Road
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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 |
|---|---|---|---|
| Feb 2, 2024 | Sold | ||
| Sold | |||
| Nov 26, 2023 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Spring Lake | $759,000 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Spring Lake | |||
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Rare opportunity to live in this well established neighborhood in Manasquan Shores. The main floor is just one step up from the sunny porch and features an open floor plan, 2 BRs with a fabulous primary suite with sitting area and sliders to the large deck overlooking the expansive back yard. Additional BRs can be added downstairs in the finished, walk out basement with egress windows. The owners use this space for their office and an additional living/play room. The grand, manicured lawn is low maintenance thanks to a sprinkler system. You'll love the flowing brook and wooded area at the property border which is protected land. Sit by the firepit and listen to the calming sound of the brook, knowing your home (including the basement) is high and dry! The oversized lot and solid home construction provides a great opportunity to expand the single floor or build up, which would create a 3,000 + SF home. Enjoy all that Manasquan Shores has to offer - great schools, multiple parks, including Orchard Park and the bike path to Manasquan town center and Allaire State Park. Whether you're just embarking on homeownership or buying your retirement home, this cottage is a smart move.
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| May 12, 2015 | Sold | ||
| Sold | |||
| Jan 15, 2015 | Listed by Coldwell Banker Realty | $389,000 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017