16 Clinton Street
About This Property
Offering approximately 1,300 sq ft of updated living space including custom closets. This home is move in ready and is combined with modern comfort and exceptional convenience to the train station, GSP and Jersey shore. Outside enjoy professionally landscaped front and rear yards, spacious 6-car driveway and a private backyard retreat complete with a hot tub and new awning.
Additional recent improvements include a brand new fence providing privacy to this beautiful yard.
Whether you're a first time homebuyer, downsizing, or simply looking for a turn-key property in a fantastic location, this charming Matawan home is one you won't want to miss.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017