187 Torpedo Road
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 23, 2023 | Sold | ||
| Sold | |||
| Sep 6, 2023 | In contract | - | |
| In contract | |||
| Aug 21, 2023 | Price Decreased |
$449,900
↓ $25K
(5.3%) | |
| Price Decreased | |||
| Jul 30, 2023 | Listed by RE/MAX at Barnegat Bay - Manahawkin | $474,900 | |
| Listed by RE/MAX at Barnegat Bay - Manahawkin | |||
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Stafford-Twp - In the Highly sort after Ocean Acres section, the open living space is ready for the new owners to make their own memories, Open bright floor plan with main-level living offers 4 bedrooms PLUS the lower level have a stunning extra living area with a fireplace and daylight walk out to your sun porch and yard. This is NOT only a Prime location BUT situated on a cleared 229 ft clean Deep Lot is a rare find. Walking distance to the park, School & Playground. Easy access to all shopping, Restaurants & Long Beach Island-
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017