121 Salt Marsh Ln
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 |
|---|---|---|---|
| Jan 30, 2018 | Sold | ||
| Sold | |||
| Sep 11, 2017 | Listed by Monarch Realty Group, LLC | $499,900 | |
| Listed by Monarch Realty Group, LLC | |||
| | |||
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Magical Location. Access to beach & boating. Ocean & views surround you on the private peninsula of Salt Marsh Lane. Newly renovated Ranch on a double lot. Two bedrooms with a loft, 1 full bath, private outside shower. Renovated with high efficiency heating system, Air Conditioning system, Tankless hot water heater & Insulation. Superior appliances: Thermador range, Liebier refrigerator and more. New full size washer & dryer. Custom designer cabinets. Granite countertops. Cedar shingles with PVC trim for low maintenance. Title V for 3 bedrooms. New deck. Grilling area. Swim, relax, boat, sunsets, bird watch, marinas and golf are minutes away. Enjoy year round or a Summer get away. Great investment with current rental history.
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| Sep 1, 2017 | Listed by Real Estate Associates | $539,900 | |
| Listed by Real Estate Associates | |||
| Jul 9, 2014 | Sold | ||
| Sold | |||
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