518 Smith 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 |
|---|---|---|---|
| Jan 12, 2018 | Sold | ||
| Sold | |||
| Nov 9, 2017 | Listed by Keller Williams Realty West Monmouth | $279,900 | |
| Listed by Keller Williams Realty West Monmouth | |||
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Move in ready 2 bedroom, eat in kitchen with center island, granite counter tops, hardwood floors with full basement that has walkout second door to backyard and that is just waiting to be finished. Large attic with plenty of storage space. Large driveway accommodates 5 to 7 cars. Big fenced yard with two storage sheds. Next to a small park, close to public transportation, major roadways, dining and entertainment.
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| Jun 28, 2013 | Sold | ||
| Sold | |||
| Mar 9, 2013 | Listed by Coldwell Banker Realty | $275,000 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017