40 River 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 |
|---|---|---|---|
| Apr 2, 2021 | Sold | ||
| Sold | |||
| Jan 25, 2021 | Listed by Coldwell Banker Flanagan Realty | $215,000 | |
| Listed by Coldwell Banker Flanagan Realty | |||
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This adorable and move in ready cottage is a great alternative to renting! This home is also a perfect and affordable solution for that 2nd home down the shore. The first thing you notice is the upgraded paver driveway, walkway and stone steps. You enter ino the enclosed porch which offers additional seating and/or dining area. The kitchen features quartz countertop and stainless steel appliances. Other updated features include furnace, air and hot water heater (2017). The backyard is a blank canvas and ready to make your own. This location makes you eligible to join the popular Island Beach Civic Association for use of the association beach, social activities and front row for 4th of July fireworks! Boat slips are available (addl fee) as well as a boat ramp, fish table, water at dock and gazebo. This home is also close to Island Heights where you can enjoy a walk along the river and a myriad of community activities like SailFest and the Island Heights Christmas Tour. This beauty won't last long, make your appointment today
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| Jul 21, 2014 | Sold | ||
| Sold | |||
| Jun 14, 2014 | Listed by Coldwell Banker Riviera Realty | $154,000 | |
| Listed by Coldwell Banker Riviera Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017