257 WAVE ROAD
About This Property
The spacious eat-in kitchen provides abundant cabinet space and includes a full appliance package, along with a new washer and dryer. Offering three generous bedrooms, the main bedroom features its own full ensuite bath with a tub and shower for added convenience.
Enjoy outdoor living on the new Trex decking overlooking the expansive backyard-complete with a peaceful pond, outdoor furnishings, and grill included. The home also features a newer roof, several updates, a large garage, and meticulously landscaped grounds that enhance its curb appeal.
Conveniently located near the Garden State Parkway, regional shopping, restaurants, and all local amenities, this home is an excellent opportunity for anyone looking to settle into the Ocean Acres community.
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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 |
|---|---|---|---|
| Jan 30, 2026 | Sold | ||
| Sold | |||
| Dec 4, 2025 | In contract | - | |
| In contract | |||
| Nov 30, 2025 | Listed by Keller Williams Realty - Atlantic Shore | $595,999 | |
| Listed by Keller Williams Realty - Atlantic Shore | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017