406 Lawrence 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 |
|---|---|---|---|
| Jul 24, 2025 | Sold | ||
| Sold | |||
| Jun 7, 2025 | In contract | - | |
| In contract | |||
| May 31, 2025 | Listed by Keller Williams Realty West Monmouth | $470,000 | |
| Listed by Keller Williams Realty West Monmouth | |||
| Nov 18, 2024 | Listed | $490,000 | |
| Listed | |||
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Your future home is in Lanoka Harbor. This beautiful 3 bedroom 2 bathroom home has it all. It boasts a newer kitchen with stainless appliances, granite counters, and new fixtures. The kitchen opens into the dining and living areas, perfect for entertaining. Downstairs family room opens into a spacious game room which includes a 6-8 person jacuzzi . Just beyond the dining room through the sliding glass doors you'll find a huge raised deck with plenty of room for seating and a firepit. The fully fenced in backyard is full of possibilities with ample space and multiple storage sheds. Don't wait on this one, it won't last.
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| Mar 3, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017