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4709 Bay Head Road
About This Property
Why not go by and take a look at this property and see if it will work for you. YOU WON'T REGRET it!
The whole Bay Head peninsula is looking straight down Deer Point Lake. There is over 300' of water frontage. This is a very large estate size lot for the person who wants a lot of space and privacy. There is an Artesian Well on the property. The road easement on the lot totals 1.45 acres. The lot is big enough to build most any size home your buyer wishes to build along with a big shop, guest house and pool. No Seawall is required.
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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 |
|---|---|---|---|
| Jun 27, 2024 | Sold | ||
| Sold | |||
| Jan 29, 2024 | Listed by Counts Real Estate Group Inc | $250,000 | |
| Listed by Counts Real Estate Group Inc | |||
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