18 Letts Landing Road
About This Property
4 bedroom, 2.5 bath Colonial with 2 car attached garage located in the Holiday Beach section of Ocean Township.
Home has been gutted. Seller will accept cash or rehab loan financing only.
Home is being sold AS IS.
Seller will not negotiate offers with home sale contingencies.
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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 |
|---|---|---|---|
| Jun 14, 2024 | Sold | ||
| Sold | |||
| Jan 2, 2024 | Listed by Coldwell Banker Home Connection Realty | $460,000 | |
| Listed by Coldwell Banker Home Connection Realty | |||
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Newly renovated, 3 bedroom, 3 bath, Colonial style home with two car garage in the highly desirable Holiday Beach section of Waretown, NJ. This gem features hardwood floors throughout, second floor laundry capabilities, an all stainless steel kitchen appliance package, new electrical systems and a newly installed roof. The outdoor lot sits on a No Flood zone which highlights the fiberglass insert, in ground salt water pool for your endless enjoyment. Also included is access to a free public boating ramp. Many more upgrades to see in person, schedule your showing today!
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| Apr 27, 2018 | Sold | ||
| Sold | |||
| Mar 15, 2018 | Listed by RE/MAX at Barnegat Bay - Toms River | $59,500 | |
| Listed by RE/MAX at Barnegat Bay - Toms River | |||
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SELLER IS REQUESTING HIGHEST AND BEST BY 10:00 AM ON MONDAY, MARCH 26, 2018. 4 bedroom, 2.5 bath Colonial with 2 car attached garage located in the Holiday Beach section of Ocean Township. Home has been gutted. Seller will accept cash or rehab loan financing only. Home is being sold AS IS. Seller will not negotiate offers with home sale contingencies.
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| Dec 30, 2010 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Ocean
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Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21810071
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