2 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 |
|---|---|---|---|
| Nov 20, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $415,000 | |
| Listed | |||
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Spacious ranch style home in beautiful Magnolia. Easy living in a move-in condition home nicely situated on a corner lot close to the water. Many upgrades including new roof, rear siding, back deck expansion. Highlights include a spacious, warm and inviting vaulted ceiling family room with skylights and a woodstove with direct access to the private deck surrounded by nature. Seasonal wetlands to the rear of the property. Open kitchen area steps to the family room and a sit-down dining room. Large master bedroom with bath and a second BR with a private entrance. Two fireplaces, one in the cozy den and one in the partially finished basement, perfect for kids, relaxing or working out. Four zoned FHW heating system. The attached garage offers plenty of storage. Nicely landscaped with perennial gardens.The manager has listed the unit size as 1712 square feet.
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| Mar 21, 2017 | Listed by RE/MAX At The Coast | $415,000 | |
| Listed by RE/MAX At The Coast | |||
| Oct 30, 2009 | Sold | ||
| Sold | |||
| Jun 12, 2008 | Listed by Coldwell Banker Realty - Gloucester | $324,900 | |
| Listed by Coldwell Banker Realty - Gloucester | |||
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This is the best value for this location in Magnolia. The assessed value is $474,900. First time home buyer do not miss out on the tax credit. This home is ready to be occupied. A GREAT VALUE FOR A SPECTACULAR LOCATION!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017