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256 VALLEY FORGE DRIVE
About This Property
Recent exterior improvements include a brand-new roof, new siding, and an attractive retaining wall with planter, enhancing both curb appeal and long-term value. Inside, you'll find all-new flooring throughout, a new HVAC system, and a completely renovated kitchen featuring new cabinetry, countertops, and stainless-steel appliances-perfect for everyday living and entertaining alike. The primary bathroom has also been updated with a new shower stall, offering both style and convenience.
Ideally located close to shopping, banking, and daily amenities, this home is just a short drive to Long Beach Island, providing easy access to the shore while enjoying a peaceful community setting. A perfect blend of comfort, convenience, and coastal proximity-ready for its next owner to enjoy.
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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 |
|---|---|---|---|
| Jun 23, 2026 | Sold | ||
| Sold | |||
| Mar 29, 2026 | In contract | - | |
| In contract | |||
| Mar 25, 2026 | Price Decreased |
$337,000
↓ $3K
(0.9%) | |
| Price Decreased | |||
| Feb 18, 2026 | Price Decreased |
$340,000
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Jan 9, 2026 | Listed by Coastal Living Real Estate Group | $345,000 | |
| Listed by Coastal Living Real Estate Group | |||
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About Mystic Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017