505 Pheasant Lane
About This Property
Close to highways and parkway.
This great home features 3 bedrooms 2 full baths,family room with fireplace with sliders to deck which overlooks inground concrete pool. Property goes back 185 feet. More than ample room for those great barbeques and parties. There is also a retractable awning and deck. Family rm. has gas fireplace. Newer kitchen with stainless steel appliances and garden window. Paver walkway. The roof is 10 years old. You would want to call this your own
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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 21, 2016 | Sold | ||
| Sold | |||
| Jan 11, 2016 | Listed by Weichert Realtors-Toms River | $279,900 | |
| Listed by Weichert Realtors-Toms River | |||
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About Toms River
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Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21601159
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017