23
Map
31 Colgate Drive
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 20, 2026 | Sold | ||
| Sold | |||
| Feb 3, 2026 | In contract | - | |
| In contract | |||
| Jan 20, 2026 | Listed by RE/MAX Revolution | $449,000 | |
| Listed by RE/MAX Revolution | |||
| | |||
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Welcome to this very well-maintained 4-bedroom, 2-full-bath ranch offering easy one-level living in a desirable South Toms River neighborhood. This inviting home features a functional and well-designed layout filled with natural light, perfect for both everyday living and entertaining. The eat-in kitchen offers stainless steel appliances, ample cabinetry, recessed lighting, and generous counter space, opening seamlessly to multiple living areas.
All four bedrooms include closets, with one bedroom currently utilized as a home office with French doors — ideal for a guest room, nursery, or dedicated workspace. Two full bathrooms provide added convenience for households of any size. Step outside to a fully fenced backyard featuring a spacious deck, storage shed, and open lawn area, perfect for outdoor dining, pets, play, or entertaining. Solar panels are installed on the roof (buyer to verify details).
Conveniently located near shopping, dining, major roadways, and just a short drive to Jersey Shore beaches this home offers comfort, flexibility, and an excellent location!
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| Jul 28, 2025 | Sold | ||
| Sold | |||
| Jun 18, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017