28
Map
16 HALF HITCH ROAD
About This Property
The Northwest by D.R. Horton is a stunning new construction home plan featuring 2,867 square feet of living space, 4 bedrooms, an upstairs loft area, 2.5 baths and a 2-car garage. The Northwest has it all! The eat-in kitchen boasts an oversized island and a peninsula island giving you plenty of counter space for cooking and entertaining. The kitchen area flows into the family room creating an open concept living space for you and your family. Need room to spread out? You'll find an informal dining room and living room at the front of the home. Upstairs, the 4 bedrooms and loft area provide enough space for everyone. How about storage? Walk in bedrooms closets in the primary bedroom, secondary bedrooms, storage closets and a 2 car garage will do the trick! This home also comes with an unfinished basement, perfect for storage, home gyms, studios or future finished entertaining spaces! Located in sought-after Ocean Acres, your new home has easy access to the Garden State Parkway, Routes 72 and 9, making the daily commute a breeze. Your new home will come complete with our Smart Home System featuring a Qolsys IQ Panel, Honeywell Z-Wave Thermostat, Video doorbell, a Deako Smart Switch and Kwikset Smart Door Lock. Ask about customizing your lighting experience with our Deako Light Switches, compatible with our Smart Home System! Top it all off with a homesite that is finished with sod and underground sprinklers, kicking off the start of your future backyard oasis!
**Pricing or incentives may be tied to the use of the builders preferred lender. See Sales Representatives for details.
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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%.
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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 8, 2026 | In contract | - | |
| In contract | |||
| Apr 14, 2026 | Listed by D.R. Horton Realty of New Jersey | $699,990 | |
| Listed by D.R. Horton Realty of New Jersey | |||
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About Ocean Acres
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017