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2400 Stanley Drive
About This Property
Rare opportunity in Toms River's premier waterfront community! This 1,991 sq ft split-level sits on a massive 10,000 sq ft lot in a NON-FLOOD ZONE--meaning no mandatory flood insurance. This home is solid, well-maintained, and perfectly positioned for instant equity.
Hidden Value: Original hardwood floors are under the carpet throughout!
Major Updates: Brand-new furnace (2024) and newer roof (2015).
Coastal Appeal: One updated bath and classic knobby pine walls, perfect for a modern nautical theme.
Low Maintenance: Fully rock-landscaped yard--no grass to mow ever.
Ample Parking: Two separate driveways with plenty of room for 4+ cars or a boat.
Enjoy mechanical peace of mind in a highly desired neighborhood.
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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 |
|---|---|---|---|
| May 19, 2026 | Sold | ||
| Sold | |||
| May 13, 2026 | In contract | - | |
| In contract | |||
| May 6, 2026 | Listed by Coldwell Banker Flanagan Realty | $549,000 | |
| Listed by Coldwell Banker Flanagan Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017