128 Nolan Road
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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.
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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 |
|---|---|---|---|
| Aug 1, 2020 | No longer available | - | |
| No longer available | |||
| Jul 21, 2020 | Price Decreased |
$389,900
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Jul 10, 2020 | Listed | $399,900 | |
| Listed | |||
| | |||
|
House on the hill, quiet county road. 3.07 acres site that is wooded with a pond. minutes to shopping and Matawan train station. House was renovated in 2018 but there is more to do to make is shine. Property is being sold AS IS. Kitchen is a galley type set up as a restaurant style with commercial sink and steel tables. New sewer installed 2018. New roof 2018, New hot water furnace 2018, New gas line installed 2018, New gas water heater 2018. New full bathroom 2018. New carpet and laminate flooring 2018. See 2020 survey attached, savings of $2500. Owner is NJ licensed real estate Broker The manager has listed the unit size as 1884 square feet.
| |||
| Oct 26, 2017 | Sold | ||
| Sold | |||
| May 1, 2017 | Listed by RE/MAX Dreams | $245,900 | |
| Listed by RE/MAX Dreams | |||
Property Highlights
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About Morganville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017