1306 Molokai Drive
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 |
|---|---|---|---|
| Nov 3, 2023 | Sold | ||
| Sold | |||
| Oct 15, 2023 | In contract | - | |
| In contract | |||
| Sep 8, 2023 | Price Decreased |
$749,000
↓ $50K
(6.3%) | |
| Price Decreased | |||
| Jul 30, 2023 | Price Decreased |
$799,000
↓ $30K
(3.6%) | |
| Price Decreased | |||
| Jun 23, 2023 | Listed by RE/MAX New Beginnings Realty | $829,000 | |
| Listed by RE/MAX New Beginnings Realty | |||
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Welcome to your dream waterfront oasis in a prime location of Forked River. A short boat ride along the Forked River to Waterfront dining & the Barnegat Bay. Enjoy the Jersey Shore lifestyle right in your backyard & enjoy a custom deck & a vinyl bulkhead offering a perfect space to relax and entertain. This custom-built home includes over 2,200 sq ft of living space which showcases breathtaking views of the Forked River & the Barnegat Bay! Step inside & be greeted by the open floor plan! The large kitchen boasts two refrigerators, a wet bar, and two sets of sliding doors. The first-floor bonus room is a versatile space to suit your needs. The second floor features a balcony showcasing stunning bay views. The owner's suite features a spacious walk-in closet & en suite! Additional storage is conveniently located under the house, providing ample space for your outdoor essentials. This home comes equipped w/ attic storage, a tankless HW heater, two-zone AC and HWBB heating. Don't miss your opportunity to own a prime waterfront location, call to see this today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017