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23 Ashley Drive
About This Property
The finished walk-out basement, accessible through the garage, provides even more living space and offers a blank canvas for a recreation room, home gym, entertainment area, or other possibilities. With its spacious layout, multiple living areas, and tremendous renovation potential, 23 Ashley is a wonderful opportunity to create something truly special in Holmdel. Bring your vision and make this exceptional property your own.
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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 21, 2026 | In contract | - | |
| In contract | |||
| Aug 9, 2026 | Listed by Weichert Realtors-Holmdel | $995,000 | |
| Listed by Weichert Realtors-Holmdel | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017