506 Timberline Dr
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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 |
|---|---|---|---|
| May 30, 2023 | Sold | ||
| Sold | |||
| Mar 18, 2023 | In contract | - | |
| In contract | |||
| Feb 2, 2023 | Listed by Compass New Jersey, LLC | $1,929,107 | |
| Listed by Compass New Jersey, LLC | |||
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The combination of privacy, central location and acreage makes this estate one of Franklin Lakes most special properties. Boasting over 5,600 sq. ft. of timeless design with 5 bedrooms, 5 1/2 baths and a first floor home office overlooking a serene parklike backyard nestled among mature trees and manicured gardens. You will enjoy all that nature has to offer, sometimes watching deer frolic through the yard while sipping your favorite beverage from the deck. The home harmonizes spaces for everyday living and entertaining with a formal living room and family room which is open to the custom kitchen with high end appliances. A separate den and a gym which is located in the walk-out finished basement allows easy access to the backyard .Enjoy the suburban lifestyle in a magically self-contained environment with trails close by for hiking and easy access to highways. Thirty minutes to NYC makes this the best of all worlds.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017