3 Michigan Drive #A
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 |
|---|---|---|---|
| Jul 30, 2024 | Sold | ||
| Sold | |||
| Jun 21, 2024 | In contract | - | |
| In contract | |||
| May 29, 2024 | Listed by RE/MAX CENTRAL | $279,900 | |
| Listed by RE/MAX CENTRAL | |||
Property Highlights
3 Michigan Drive #A, Matawan, NJ, 07747
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Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
03/05/2021
|
Loft
|
1 Bath
|
-
|
$209,000
Loft
1 Bath
|
$193,000
-7.66%
08/17/2021
|
Melany Koehl
EXIT Realty East Coast Shirvanian
| ||
|
01/21/2021
|
Loft
|
1 Bath
|
-
|
$209,000
Loft
1 Bath
|
$225,000
+7.66%
05/10/2021
|
-
|
MONICA KLOC
RE/MAX IMPERIAL
| |
|
09/15/2020
|
Loft
|
1 Bath
|
914 ft²
|
$189,000
Loft
1 Bath
914 ft²
|
$180,000
-4.76%
03/25/2021
|
-
|
Marcia Lentini
EXIT Realty East Coast Shirvanian
| |
|
01/18/2019
| |
2 Bed
|
1 Bath
|
949 ft²
|
$169,900
2 Bed
1 Bath
949 ft²
|
-
-
|
-
|
-
|
Building Info
About Middlesex
Similar Homes for Sale
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RE/MAX CENTRAL
Last Updated: 9 months ago
Data Source: CJMLS , MLS# 2412589R
