1409 Kay Street
About This Property
3 Bedrooms | 2 Full Baths | Primary Suite | Sunroom | Double Lot | Spacious Yard
Beautifully updated from top to bottom, this investor-owned renovation was completed in 2026. Enjoy a brand-new roof (Dec 2025), new flooring throughout, and a fully updated kitchen with all-new appliances.
Cozy up by the wood-burning stove during winter, appreciate the efficiency of gas baseboard heat, and spread out in the bright sunroom, perfect for year-round extra living space. The sunroom opens directly to a large patio, ideal for outdoor dining and entertaining. The double lot is a rare find--huge, open, and full of potential. Add a pool, build a barbecue station, create a garden oasis, or plan a future addition. Located in a Non-Flood Zone for added confidence. The country at the shore- walk two blocks to the cozy white sand beaches of Lake Barnegat , or take a few minutes ' ride to the beaches , boating and waterfront dining on beautiful Barnegat Bay. All of this in a great family neighborhood, just a short walk to the park and lake. Feels like new construction--book your showing today!
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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.
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About Ocean
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017