5 Lambert Johnson Drive
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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%.
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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 30, 2017 | Sold | ||
| Sold | |||
| Jan 27, 2017 | Listed by Coldwell Banker Realty | $509,900 | |
| Listed by Coldwell Banker Realty | |||
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5 Lambert Johnson Drive in the Wayside section of Ocean Township is most certainly a place you will want to call home! This expanded ranch offering 3/4 Bedrooms 2 Full Bathrooms is beautifully updated, impeccably kept, and ready for its next owner. Overlooking green acres property never to be developed makes this home more private and serene than normal. Gorgeous refinished hardwood floors throughout as well as marble tiled floors in the entry way and kitchen. Brand new stainless steel kitchen appliance package, entire house custom painted and so much more. Expanded master bedroom suite with sunroom and jaccuzi tub is an oasis. Super desirable Wayside neighborhood located close to all major commuter highways, shopping and just a couple of miles to NJ's finest beaches. Hurry don't wait... This is a home and neighborhood where you can raise the family and live life and enjoy for a long long time....There's also an additional 1941 square feet of unfinished basement that could easily be finished for all of your families wants and needs! Plenty of room in the backyard for a pool and washer & dryer stay and are newer.
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| Jul 18, 2014 | Sold | ||
| Sold | |||
| May 5, 2014 | Listed by RE/MAX Elite | $415,000 | |
| Listed by RE/MAX Elite | |||
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About Monmouth
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017