347 Thomas Avenue
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 19, 2019 | Sold | ||
| Sold | |||
| Jan 17, 2019 | No longer available | - | |
| No longer available | |||
| Jan 17, 2019 | Listed by RE/MAX at Barnegat Bay | $59,900 | |
| Listed by RE/MAX at Barnegat Bay | |||
| Oct 14, 2016 | Listed | $59,900 | |
| Listed | |||
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Dream home ready, over 700 ft of road frontage on Thomas Ave. Variance in place. you will have the privacy you desire but close to everything. Close to Parkway, 1/2 hour to Nightlife of Atlantic City, 20 Minutes to Beaches of LBI , 1 Hour to Philadelphia and 2 hours to New York. Don't delay call today.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017