31 Bay Way
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 |
|---|---|---|---|
| Mar 19, 2024 | Sold | ||
| Sold | |||
| Feb 7, 2024 | In contract | - | |
| In contract | |||
| Feb 2, 2024 | Listed by KELLER WILLIAMS METROPOLITAN | $799,000 | |
| Listed by KELLER WILLIAMS METROPOLITAN | |||
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Waterfront lot with beautiful views and access to Barnegat Bay by boat is now available for you to build your dream home in the lovely Bay Harbor community in Brick Twp! This level lot has been cleared and includes a 40 ft dock, 12 x 4 floating dock, 7000lb electric boat lift, 75 ft of bulkhead, riparian grant, riparian lease dock permit, and connections available for water, natural gas, electric, and cable. The building envelope previously suited a 2500 sq ft home. The public Bay Harbor Beach Park is nearby with beach, bulkhead for crabbing, play yard, and a kayak drop. This is a great location near groceries, shopping, restaurants, shore beaches, and driving and water routes. Proof of funds are required, and buyer is responsible for due diligence.
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| Apr 1, 2022 | Sold | ||
| Sold | |||
| Feb 22, 2022 | Listed by Redfin Corporation | $425,000 | |
| Listed by Redfin Corporation | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017