54 Korman Road
About This Property
Lovely, maintained ranch this 4-bedroom, 1.5-bathroom home in Bayville features new modern title flooring through kitchen and living room it is a great property.
The house includes a family room, a master bedroom with a half bath, and three additional bedrooms. There is also a dining room with sliders leading to the backyard, a kitchen with newer appliances, and a doorway to the backyard. Convenient laundry room for added ease.
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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 |
|---|---|---|---|
| Apr 29, 2025 | Sold | ||
| Sold | |||
| Mar 14, 2025 | In contract | - | |
| In contract | |||
| Feb 24, 2025 | Listed by Keller Williams Preferred Properties,Bayville | $390,000 | |
| Listed by Keller Williams Preferred Properties,Bayville | |||
| Jan 5, 2024 | Sold | ||
| Sold | |||
| Nov 10, 2023 | Listed by Weichert Realtors-Freehold | $305,000 | |
| Listed by Weichert Realtors-Freehold | |||
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This 4-bedroom, 1.5-bathroom home in Bayville features new carpet throughout. Although it requires some work, it is a great property. The house includes a family room, a master bedroom with a half bath, and three additional bedrooms. There is also a dining room with sliders leading to the backyard, a kitchen with newer appliances, and a doorway to the backyard. Additionally, the home boasts a laundry room.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017