121 Gunning River Road
About This Property
All kitchen appliances, floors and bathrooms, water heater, furnace, and HVAC system were replaced in 2018. Recess lighting in all ceilings & insulation in attic were installed in 2018. New washer and dryer. Oversized 2 car garage w/ plenty of room for a workshop. Brand new driveway and side gates. The kitchen offers a lot of cabinet and countertop space with gorgeous sliding doors leading to the deck overlooking very spacious, fenced-in backyard. There is a patio off of the lower level family room leading to the backyard as well. This is a truly rare find
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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 19, 2022 | Sold | ||
| Sold | |||
| Sep 22, 2022 | Listed by Keller Williams Realty West Monmouth | $438,000 | |
| Listed by Keller Williams Realty West Monmouth | |||
| Dec 4, 2020 | No longer available | - | |
| No longer available | |||
| Nov 8, 2020 | Relisted | $220,000 | |
| Relisted | |||
| Nov 6, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017