257 Millstone Road
About This Property
Adjacent to the kitchen is a large family with lots of natural light, lofty vaulted ceilings with skylights, and a cozy gas-burning fireplace. In addition, the home has a Den on the first floor and a full unfinished basement, which is perfect for additional living space or storage. The 2nd Floor features 4 spacious bedrooms, including the primary suite. The primary suite bathroom contains two separate vanities, shower stall, soaking tub, and skylights. Just off the kitchen is a slider leading to the deck and pool, perfect for entertaining friends and family. The yard is a private oasis, with an enclosed hot tub room and gazebo. The property also has a spacious structure beyond the pool area that can serve as a workshop/shed. The home is equipped with Mitsubishi solar panels that are fully paid, and sure to reduce energy costs.
Just a short drive to all major shopping areas, commuter transportation, and The Freehold Raceway Mall. Close to major highways 9, 33, 537, I-195, NJTPKE.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 14, 2023 | Sold | ||
| Sold | |||
| Feb 16, 2023 | Listed by RE/MAX Realty 9 | $750,000 | |
| Listed by RE/MAX Realty 9 | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017