27
Map
1317 Emerson Avenue
About This Property
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Cap Rate Calculator
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.
You can learn more about cap rate here .
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 28, 2024 | No longer available | - | |
| No longer available | |||
| May 26, 2024 | In contract | - | |
| In contract | |||
| Apr 20, 2024 | Relisted | $669,000 | |
| Relisted | |||
| Apr 19, 2024 | No longer available | - | |
| No longer available | |||
| Apr 19, 2024 | Price Decreased |
$669,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
Property Highlights
1317 Emerson Avenue
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Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
01/17/2024
| |
2 Bed
|
2 Bath
|
-
|
$749,000
2 Bed
2 Bath
|
-
-
|
-
|
Annmarie Basmajian
WEICHERT REALTORS CITY TO SHORE
|
Building Info
About North Cape May
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Last Updated: 8 months ago
Data Source: CMCMLS , MLS# 240148
