$400,000
●
House -
Off Market
1397 Mountainview Drive
Toms River, NJ 08753
4 Beds
2 Baths
1,704 Ft²
$2,483
Est. Monthly
10.46%
Cap Rate
About This Property
*This is a coming soon listing and can not be shown until 4/29/24.*
INVESTORS! Under market value! Renter in place with great rental
history. Quick sale and sold ''as is''. This cape style home is
located in a charming neighborhood and boasts 4 bedrooms and 2
fully renovated baths. Beautiful hardwood floors grace the entire
home, including the eat-in kitchen with stainless steel appliances.
Dining room features French doors that lead you to the spacious
backyard, perfect for outdoor gatherings. The master bedroom
offers two ample-sized closets for all your storage needs.
Additional features include central air, one car garage, oversized
driveway and a full basement with endless possibilities.
Unit Size
1,704 Ft²
Days on Market
65 days
Land Size
0.30 acres
Price per sqft
$234
Property Type
House
Property Taxes
$523
HOA Dues
-
Year Built
1963
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (MOMLS #22411364)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 3, 2024 | Sold | ||
| Sold | |||
| Apr 25, 2024 | Listed by RE/MAX Revolution | $399,000 | |
| Listed by RE/MAX Revolution | |||
| Nov 7, 2023 | No longer available | - | |
| No longer available | |||
| Oct 23, 2023 | Listed by RE/MAX Revolution | $439,900 | |
| Listed by RE/MAX Revolution | |||
| | |||
|
Attention all potential investors! This cape style home is nestled in a charming neighborhood and boasts a total of 4 bedrooms and 2 fully renovated baths. Step inside to discover beautiful hardwood floors that grace the entire home, including the eat-in kitchen with stainless steel appliances. The dining room features French doors that lead you to the spacious backyard, perfect for outdoor gatherings. The expansive master bedroom offers not one, but two ample-sized closets for all your storage needs. Additional features of this property include central air, a convenient one car garage, an oversized driveway for plenty of parking, and a full basement with endless possibilities. Currently, the home is tenant-occupied and the tenant is willing to stay, making this an excellent investment. The manager has listed the unit size as 1704 square feet.
| |||
| Mar 12, 2018 | Sold | ||
| Sold | |||
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Property Highlights
Parking Available
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Toms River
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Listed by: Anita DiFlumeri, RE/MAX Revolution
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22411364
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22411364
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