588 Midwood Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Aug 22, 2025 | Sold | ||
| Sold | |||
| Jul 26, 2025 | In contract | - | |
| In contract | |||
| Jul 12, 2025 | Listed by RE/MAX Bay Point Realtors | $649,900 | |
| Listed by RE/MAX Bay Point Realtors | |||
| Aug 5, 2016 | Sold | ||
| Sold | |||
| May 27, 2016 | Listed by C21/ Lawrence Realty | $340,000 | |
| Listed by C21/ Lawrence Realty | |||
| | |||
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Fantastic Jordan Park area of Midstreams on the Point Pleasant border where for a nominal amount you can join the beach association and dock your boat or enjoy sunbathing. Must see this sprawling 3 or 4 Bedroom Ranch with 3 Full Baths. New stunning custom kitchen with granite countertops, hardwood flooring and upgraded stainless steel appliances with separate breakfast eating area. Sunken Living Room with full wall brick fireplace, formal dining room all finished in hardwood flooring. Master Bedroom/Bath with double sink vanity with quartz counter top and full 60 inch vanity with shower enclosure. You have choices as Family room Could be easily converted to in law suite or 4th bedroom with walk in closet and full bath. Full huge basement on 100x100 property. Minutes to Ocean and beaches
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Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Ocean
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017