16 Clarence Drive
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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 |
|---|---|---|---|
| Jul 14, 2014 | Sold | ||
| Sold | |||
| Nov 13, 2013 | Listed by Weichert Realtors - Ship Bottom | $549,500 | |
| Listed by Weichert Realtors - Ship Bottom | |||
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Beach Haven West- UNDER CONSTRUCTION! WILL BE READY FOR YOUR SUMMER ENJOYMENT- Fantastic New Custom Built Waterfront Home WITH BRAND NEW 50FT OF VINYL BULKHEAD AND DOCK ALREADY IN. Features State of the Art Finishes Throughout the Home. ONLY A SHORT 8 LAGOON RIDE TO BAY and Built ABOVE FEMA Regulations. This 1,884 sq ft Dream Home Boasts a Sun-Filled Open Floor Plan Featuring 4 Bedrooms, 2.5 Baths and Beautiful Red Oak Hardwood Floors (3/4 x 3.25) in all Living Spaces, 2-Zone Central A/C and Economical Gas Heat, Tankless HWH, and a Cozy Gas Fireplace in Great Room/Livingroom. The Gourmet Kitchen Boasts Hardwood Floors, Granite Countertops, Upgraded 42" Wood Cabinets, Stainless Steel Appliances, and a Large Double Door Pantry. The First Floor Features a Great Room with Hardwood Floors, Gas Fireplace and 2 Sliders Out to Your Incredible 10 x 20 First Floor Maintenance Free Vinyl Deck. The Spacious First Floor Master Bedroom Suite features Hardwood Floors, Walk in Closet, Private Full,Bath with Granite Vanity Top, Linen Closet, Ceramic Tile Floor and Walk in Shower Stall. The Large Laundry/Utility Room with Ceramic Tile Floor, Finishes off Your First Floor. Your Second Floor Features 3 Large Bedrooms, all with Hardwood Floors and 2 have Direct Access to Your 2nd Floor 8 X 18 Sun Deck with Beautiful Relaxing Water Views. The Exterior Features Cedar Impression Vinyl Siding, Lifetime Guarantee Timberline Roof, 3 Decks (2 Waterview Decks in Rear of Home), Stoned Yard and a NEW VINYL BULKHEAD and DOCK. Home is built on Pilings with a Masonary Floor Giving You a Huge Area for 2 Cars and Storage For All Your Water Toys. Garage Offers: Direct Entry to Home, A Double Exit Door to Rear Allowing you Easy Access, 2 Garage Door Openers and 4 Windows. Located Only MINUTES to Open Bay by Boat, Just a Short Drive to the Beaches of Long Beach Island, Shopping, Restaurants, Golfing, and the Excitement of Atlantic City. This Home is Truly a Must See. (pictures are from a previous
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| Oct 22, 2013 | Sold | ||
| Sold | |||
| Jul 1, 2013 | Listed by RE/MAX at Barnegat Bay | $159,900 | |
| Listed by RE/MAX at Barnegat Bay | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017