23 Derringer 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 |
|---|---|---|---|
| Oct 13, 2026 | In contract | - | |
| In contract | |||
| Oct 1, 2026 | Listed by Keller Williams Realty Spring Lake | $839,990 | |
| Listed by Keller Williams Realty Spring Lake | |||
| Sep 12, 2026 | In contract | - | |
| In contract | |||
| Aug 20, 2026 | Price Decreased |
$979,990
↓ $20K
(2%) | |
| Price Decreased | |||
| Aug 16, 2026 | Listed by Landarama Inc. | $999,990 | |
| Listed by Landarama Inc. | |||
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Welcome to 23 Hydrangea Drive at K. Hovnanian's Four Seasons at Manalapan Crossing, a premier 55+ community! This Ibiza II Loft offers 3 bedrooms, 3 baths and a 2-car garage. The open design features a private home office, great room with fireplace and a designer kitchen with stacked cabinetry, glass-front uppers and Pro Cooking Suite with refrigerator. A window-lined dining area fills the space with natural light, while a 9' multi-slide door opens to the patio. The primary bath features dual sinks, and upstairs living provides added flexibility and attic storage. Enjoy resort-style community amenities.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017