249 Middie 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 |
|---|---|---|---|
| Dec 6, 2021 | Sold | ||
| Sold | |||
| Oct 12, 2021 | Listed by ERA Central Realty Group - Bordentown | $380,000 | |
| Listed by ERA Central Realty Group - Bordentown | |||
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Located in the desirable Ocean Acres section of Manahawkin, this one-floor living and well maintained 3 bedroom and 2 full bath ranch is awaiting its new owners. As soon as you walk through the front door you see the spacious open floor plan with over 1,612 SF of living space and natural lighting throughout. The living room has laminate flooring with vaulted ceilings and flows to the Florida room, dining room and bedrooms. The Florida room is bright with large wall to wall windows and a sliding glass door to the backyard. The dining room leads right to the kitchen and also provides access through the sliding glass doors to the backyard. The kitchen has a breakfast nook with a bump out and ample countertop space and cabinets. The roomy primary bedroom has laminate flooring, ceiling fan, walk-in closet and your own full bath. The two additional bedrooms both have laminate flooring and ceiling fans. There is also the second full bath. The backyard is ideal for entertaining with a stamped concrete patio, fully fenced yard and above ground pool. The roof (2020) and hot water heater (2020) have been recently replaced for peace of mind. Easily located to LBI, walking distance to Nautilus Park and walking paths and easy access to the Garden State Parkway. Come take a look before it is too late.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017