288 Ocean Boulevard
About This Property
Tucked away on scenic Ocean Blvd this 4 bedroom, 2.5 bath raised ranch home has been lovingly updated and immaculately maintained. With captivating Winter water views you can watch the sailboats moored in the harbor, on one of two full decks. Huge finished walk-out basement features a den with fireplace, and family room/office, all with sliders to enjoy the tranquil outdoor space. Oversized garage, Kohler generator, brand new TimberTech decking and stairs, hardwood floors, quartz countertops and skylights. The ranch style is ideal for easy accessibility and the winter water views are priceless. Close to parks, beaches, trails, the ferry and bus. This is a rare opportunity to live on top of the hill in Atlantic Highlands that you don't want to miss!
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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 |
|---|---|---|---|
| Oct 16, 2024 | Sold | ||
| Sold | |||
| Aug 21, 2024 | In contract | - | |
| In contract | |||
| Jul 28, 2024 | Listed by Resources Real Estate | $1,295,000 | |
| Listed by Resources Real Estate | |||
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About Atlantic Highlands
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017