249 Academy Lane
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 |
|---|---|---|---|
| Sep 1, 2021 | Sold | ||
| Sold | |||
| Jul 9, 2021 | Listed by RE/MAX at Barnegat Bay - Manahawkin | $439,900 | |
| Listed by RE/MAX at Barnegat Bay - Manahawkin | |||
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4 BR 2.5 Bath Colonial with finished basement on desirable street in Ocean Acres. Walking distance to golf course and Ocean Acres school. Trex deck in front and back.
Remodeled kitchen and master bath. Custom built-in shelving in the family room. New roof. 2 car garage. Backyard ready for entertainment and privacy. Do not wait too long to see this home. Ready to move in just waiting for the next family to make it their own.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017