434 Prospect Avenue
About This Property
The four bedrooms are generously sized and filled with natural light, making them perfect for a family. The master suite includes a full bathroom for added convenience. The home also boasts a comfortable living room with bay windows, a cozy wood-burning stove, and a delightful reading nook. Additional features include a newer roof with solar panels, an above-ground pool, ample storage space, and a one-car garage. The house has been elevated an additional two feet beyond requirements, providing extra peace of mind and additional storage space. Will require flood insurance if mortgaged. Flood insurance is minimal because of raised foundation. Over-sized lot 75x100. Located only a few blocks from the beach!
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Aug 1, 2024 | In contract | - | |
| In contract | |||
| Jul 12, 2024 | Listed by Keller Williams Realty East Monmouth | $499,000 | |
| Listed by Keller Williams Realty East Monmouth | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017