233 Timberlake Drive
About This Property
Imagine yourself at this lakefront oasis, located in the premiere, highly sought-after Colony Lakes community, nestled in the Harbor Village section of Manahawkin. This lakefront home features 2 bedrooms, 2 full baths, and 2, yes 2 bonus rooms for your enjoyment. There's an open concept living/dining/kitchen area, complete with wood-burning fireplace. Backyard features wrap around deck and full access to the private lake. Common area amenities include: community beach area with newly constructed pavilion, boat launch for all your non-motorized water toys, and a fenced-in playground. This is the one you have been waiting for, and they don't come up often. Whether you are looking for your Summer Get-Away, or your next Year Round Residence, this home is ''Shore to Please''
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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 |
|---|---|---|---|
| Sep 25, 2020 | Sold | ||
| Sold | |||
| May 31, 2020 | Listed by Weichert Realtors-Forked River | $429,900 | |
| Listed by Weichert Realtors-Forked River | |||
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About Beach Haven West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017