
33
Map


1402 Route 9 south
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jul 19, 2024 | No longer available | - | |
No longer available | |||
Jun 9, 2024 | In contract | - | |
In contract | |||
May 28, 2024 | No longer available | - | |
No longer available | |||
Apr 24, 2024 | Listed by RIXON REALTY | $299,900 | |
Listed by RIXON REALTY | |||
Apr 4, 2024 | Price Decreased |
$259,000
↓ $20K
(7.2%) | |
Price Decreased |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/23/2023
| |
3 Bed
|
2 Bath
|
-
|
$150,000
3 Bed
2 Bath
|
-
-
|
-
|
Kevin McGonigle
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
|
04/28/2022
| |
2 Bed
|
2 Bath
|
-
|
$155,000
2 Bed
2 Bath
|
-
-
|
-
|
Connor Eckel
deSatnick Real Estate, LLC
|
10/22/2021
| |
2 Bed
|
1 Bath
|
-
|
$157,900
2 Bed
1 Bath
|
-
-
|
-
|
James Rixey
Cape May County Real Estate Brokers LLC - CH
|
Building Info
