$392,000
●
House -
Off Market
40 Saltspray Drive
Forked River, NJ 08731
3 Beds
1 Bath,
1
Half Bath
1,200 Ft²
$2,225
Est. Monthly
8.21%
Cap Rate
About This Property
This delightful ranch-style home features 3 bedrooms and 1.5 baths,
offering a perfect blend of comfort and convenience. With a
brand-new roof, gleaming hardwood floors, and a modern kitchen,
this residence exudes both style and functionality. Enjoy the
convenience of a recently replaced water heater and newly installed
gutter guards for worry-free living. Plus, the shed has been
equipped with new electric, adding versatility to your outdoor
space. The landscaped yard, refreshed in 2023, offers a serene
retreat, complemented by a lovely deck perfect for entertaining or
relaxation. Around the corner is easy access to a small sport
watercraft launch and outdoor enthusiasts will find plenty to
explore. Move-in ready. Welcome Home!
Unit Size
1,200 Ft²
Days on Market
36 days
Land Size
0.17 acres
Price per sqft
$313
Property Type
House
Property Taxes
$383
HOA Dues
-
Year Built
1970
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 9 months ago (MOMLS #22409593)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 16, 2024 | Sold | ||
| Sold | |||
| Apr 10, 2024 | Listed by RE/MAX at Barnegat Bay | $375,000 | |
| Listed by RE/MAX at Barnegat Bay | |||
| Dec 13, 2019 | Sold | ||
| Sold | |||
| May 26, 2019 | Listed by RE/MAX at Barnegat Bay | $225,000 | |
| Listed by RE/MAX at Barnegat Bay | |||
| | |||
|
Well kept and maintained, stylishly decorated 3 bedroom ranch tucked away in a quiet waterfront community just waiting for it's new owners. Come see all the charm this spacious and open concept home has to offer. Features include hardwood floors, an expansive living room into a dining room with a sliding door leading out to the back deck, a newer upgraded kitchen including a tile floor, stone counter tops, stainless steel appliances and a pantry, large bedrooms, a separate laundry room, updated bathrooms, plenty of closet space/storage, central a/c, new systems and fresh paint throughout. The large fenced yard offers plenty of room for the kids, family and entertaining and has a play set and storage shed. All this in a quiet and family friendly neighborhood. Check it out today!
| |||
| May 3, 2019 | No longer available | - | |
| No longer available | |||
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Forked River
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Listed by: Sandra A Bator, RE/MAX at Barnegat Bay
Last Updated: 9 months ago
Data Source: MOMMLS, MLS# 22409593
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 9 months ago
Data Source: MOMMLS, MLS# 22409593
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Phone: 425-283-2930
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