468 Cornell Drive
About This Property
Step inside to find a generous layout featuring multiple living and entertaining areas, including a full basement that expands the possibilities for recreation or storage. The kitchen and common spaces flow seamlessly, making it easy to gather. Outdoors, the property truly shines. A large deck and patio create the perfect setting for dining and entertaining, while the in-ground pool offers a refreshing retreat during the summer months. The yard is designed for relaxation and enjoyment, giving you a private outdoor escape. This home offers access to local conveniences, recreation, and shore living.
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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 |
|---|---|---|---|
| Dec 12, 2025 | Sold | ||
| Sold | |||
| Nov 13, 2025 | In contract | - | |
| In contract | |||
| Oct 30, 2025 | Price Decreased |
$749,000
↓ $29K
(3.7%) | |
| Price Decreased | |||
| Oct 22, 2025 | Price Decreased |
$778,000
↓ $20K
(2.5%) | |
| Price Decreased | |||
| Oct 1, 2025 | Listed by Nest Seekers New Jersey LLC | $798,000 | |
| Listed by Nest Seekers New Jersey LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017