194 Summerlan Place
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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 10, 2024 | Sold | ||
| Sold | |||
| Apr 27, 2024 | Listed by RE/MAX Gateway | $374,900 | |
| Listed by RE/MAX Gateway | |||
| Sep 21, 2016 | Sold | ||
| Sold | |||
| Jul 12, 2016 | Listed by Keller Williams Realty East Monmouth | $139,900 | |
| Listed by Keller Williams Realty East Monmouth | |||
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Lovely ranch with newer bathroom and kitchen located in close proximity to schools, the medical center and routes 18 and 35. This home features 2 bedrooms, 1 bath, dining area, living room, enclosed porch, full basement, deck and a detached garage. This is a great choice for first-time home buyers or for those looking to scale down. Very nice neighborhood that shows pride of ownership! Sold in as-is condition. Only owner-occupied offers will be considered for the first 20 days (8/1/2016).
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About Downtown Neptune City
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017