5 Colonial Drive
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 |
|---|---|---|---|
| Mar 15, 2025 | Listed | $130,000 | |
| Listed | |||
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This is a beautiful wooded lot on Colonial Drive in Little Egg Harbor. Natural gas, public water and sewer lines at the street. The lot size is approximately 10,000 sft. Bring your plans and build your dream home today , it won't last !
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| Aug 26, 2024 | Price Decreased |
$124,900
↓ $5K
(3.9%) | |
| Price Decreased | |||
| Aug 3, 2024 | Price Decreased |
$129,900
↓ $5K
(3.7%) | |
| Price Decreased | |||
| Jun 26, 2024 | Price Decreased |
$134,900
↓ $5K
(3.6%) | |
| Price Decreased | |||
| Jun 10, 2024 | Listed | $139,900 | |
| Listed | |||
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|
Excellent opportunity to build your dream home in the Atlantis section of the Great 08087! This area is lovely and close to public transportation, shopping, and restaurants. There are several public marinas for boating and a public beach at the end of Radio Road. Public sewer, public water, cable, electric, and natural gas are available on the street. Come and build your dream home in this beautiful, thriving residential community.
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Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Ocean
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,000 /mo
- 2 Beds
- 1 Bath
$1,875 /mo
- 2 Beds
- 1 Bath
- 1,300 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017