5 Midship Drive
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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 |
|---|---|---|---|
| Jul 25, 2025 | Sold | ||
| Sold | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
| Jun 8, 2025 | Listed by Van Dyk Group | $350,000 | |
| Listed by Van Dyk Group | |||
| Jan 30, 2020 | Sold | ||
| Sold | |||
| Nov 7, 2019 | Listed by Joe Wiessner Realty LLC | $189,900 | |
| Listed by Joe Wiessner Realty LLC | |||
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Looking for a home close to the Shore without breaking the bank? Look no further, 5 Midship Dr. is the perfect home for you. Located in the neighborhood of Settlers Landing in Barnegat Twp., this home is located minutes from, Garden State Parkway, Route 9 and a short drive to Long Beach Island. This 3 bedroom 2 bath home has a spacious layout and would be a perfect starter home. Garage has been converted into additional living space and can be utilized as an additional bedroom or office. This house sits on one of the biggest lots in the neighborhood, with a fenced in backyard. The yard has a large wooden deck with a hot tub. In addition, the home also comes with a pool and two sheds for storage. A great location, come out and see home today.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017