226 Pine Drive
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 |
|---|---|---|---|
| Aug 23, 2021 | Sold | ||
| Sold | |||
| Jul 14, 2021 | Listed by RE/MAX at Barnegat Bay - Forked River | $269,900 | |
| Listed by RE/MAX at Barnegat Bay - Forked River | |||
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Bayville water front thats neat as a pin and loaded with character. Just move right in and enjoy the rest of the summer. This adorable shore home offers 2 nice bedrooms an updated bathroom. All freshly painted with new carpeting. A living room and family room with vaulted beamed ceilings. Cherry cabinetry in kitchen and laminate flooring. Each room is equipped with ceiling fans, anderson windows and decorative wood moldings. A gas fireplace in the family room overlooking your stamped concrete patio and the waterfront. This home has gas heat and central air. Only minutes to the open bay as its only a a half a block away. Do not miss out on this amazing opportunity. Life is Good at The Jersey Shore!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017