427 Penn 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 |
|---|---|---|---|
| Aug 26, 2024 | Sold | ||
| Sold | |||
| Jul 13, 2024 | In contract | - | |
| In contract | |||
| Jun 25, 2024 | Listed by Goldstone Realty | $649,999 | |
| Listed by Goldstone Realty | |||
| | |||
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Welcome home to this charming cape that has it all ~ 4 bedrooms, 3 baths, a finished basement, 2-car garage, & an amazing backyard you won't want to leave. Located in the Cranberry Hill neighborhood of Forked River, near Lake Barnegat. The modern kitchen features granite countertops & stainless-steel appliances, opening to a family room w/a cathedral ceiling, skylight, & cozy fireplace. Entertain in the elegant dining room or relax by the second fireplace in the formal living room, all w/hardwood floors. Outside, enjoy a private, fenced yard w/an in-ground saltwater pool, shed, & pool house. Upgraded w/NEW windows, siding, hot water heater, boiler, and more. This home is move-in ready, a must see!
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| Jun 30, 2023 | Sold | ||
| Sold | |||
| May 13, 2023 | Listed by Weichert Realtors-Forked River | $375,000 | |
| Listed by Weichert Realtors-Forked River | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017