306 Station Drive
About This Property
Take Advantage Of The ''Lake Life'' in Lacey. Property Located Just a Short Walk To Lake Barnegat. Enjoy Sunset Views & Moon Rises From Your Front Porch! Great Flow Downstairs That Consists of Living Room, Dining Room and Kitchen. Huge Master Bedroom Suite With Plenty Of Closet Space. All Bedrooms Are Of a Generous Size With Excellent Closet Space. Two Separate Attic Spaces For Extra Storage.
Oversized 35 Ft Concrete Boat Driveway Situated in The Rear Of The Property. Two Zoned A/C Coupled with Four Zone Heating. Meticulously Landscaped Grounds. Big Two Car Heated Garage. Close To Beaches, Garden State Parkway, Restaurants and Shopping.
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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 |
|---|---|---|---|
| Aug 29, 2024 | Sold | ||
| Sold | |||
| Jul 30, 2024 | In contract | - | |
| In contract | |||
| Jul 1, 2024 | Price Decreased |
$459,000
↓ $40K
(8%) | |
| Price Decreased | |||
| Jun 14, 2024 | Price Decreased |
$499,000
↓ $26K
(4.9%) | |
| Price Decreased | |||
| Jun 3, 2024 | Price Decreased |
$524,900
↓ $14K
(2.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017