41 Farm Road
About This Property
The bathrooms have been updated, & the home has been freshly updated w/ added features that include new decorative molding in the dining room and more. The whole house GENERATOR is an added bonus! The mud room / laundry room off of the kitchen features its own door leading outside, which is convenient for dog owners! Additionally, you'll love the beautiful brick patio & deck, which overlook the enormous FULLY FENCED backyard! The property is just over 1.13 acres. Plenty of room here for a pool - the possibilities are endless! In additional to the adorable outdoor playhouse, there is a large, newer shed which could be outfitted with electric should you desire. The two-car garage also makes for ease of living. Many beautiful horse farms surround this area, & the beautiful NJ beaches & parks are just minutes away. A COMMUTERS DELIGHT as the NY Fast Ferry is within minutes, as well as the Middletown & Red Bank trains. Local shops and restaurants are a stones throw away, making this home even more desirable! Hurry - this will not last!
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 16, 2025 | Sold | ||
| Sold | |||
| Apr 16, 2025 | In contract | - | |
| In contract | |||
| Apr 13, 2025 | Price Decreased |
$1,098,000
↓ $100K
(8.4%) | |
| Price Decreased | |||
| Mar 28, 2025 | Listed by Heritage House Sotheby's International Realty | $1,198,000 | |
| Listed by Heritage House Sotheby's International Realty | |||
| Apr 5, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017