18 Ocean Highlands
About This Property
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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 |
|---|---|---|---|
| Oct 30, 2012 | Sold | ||
| Sold | |||
| Sep 1, 2010 | Listed by Hammond Residential | $1,045,000 | |
| Listed by Hammond Residential | |||
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OCEANFRONT - Magnolia - Contemporary with fabulous views of Gloucester Harbor & Eastern Point and beyond. Private setting of almost an acre on a cul-de-sac, this home offers a wonderful open floor plan and expansive ocean vistas from almost every room. Wraparound deck offers a perfect spot to watch the boats. Lower level guest/office. Incredible location! Spectacular views!
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| Nov 19, 2004 | Sold | ||
| Sold | |||
| Jun 5, 2003 | Listed by LandVest, Inc., Manchester -by-the-Sea | $1,550,000 | |
| Listed by LandVest, Inc., Manchester -by-the-Sea | |||
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PREQUALIFICATION REQUIRED OCEANFRONT 4 BEDROOM CONTEMPORARY WITH MAGNIFICENT VIEWS OF THE HARBOR, EASTERN POINT, & THE ATLANTIC. PRIVATE SETTING ON NEARLY AN ACRE.
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