601 Franklin Court
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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 30, 2026 | Sold | ||
| Sold | |||
| Jan 12, 2026 | In contract | - | |
| In contract | |||
| Dec 19, 2025 | Listed by Daunno Realty Services | $749,900 | |
| Listed by Daunno Realty Services | |||
| Oct 30, 2025 | In contract | - | |
| In contract | |||
| Oct 13, 2025 | Listed | $749,900 | |
| Listed | |||
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Come see this stunning, 3 bed, 2-½ bath waterfront colonial in Forked River's exclusive Channel Point section!! Set on an oversized lot on a quiet cul-de-sac, you will immediately notice the properties custom landscape and design. The first level offers a living room with vaulted ceilings and skylights that opens to a massive open concept kitchen/dining/family room. From there, two pairs of sliding glass doors open to a MASSIVE rear Trex deck. Recent kitchen updates include stainless steel appliances, stone countertops, and a tile backsplash. On the second floor, the large primary suite (17x12) has two closets and an adjoining full bath with whirlpool tub, stand-up shower, and vanity. The home also has a second-floor balcony off the two additional bedrooms. Recent interior updates include a new tankless hot water heater, a new furnace for the baseboard heat, and 1 brand new HVAC unit. Exterior improvements include a new vinyl bulkhead and dock suitable for a 35 ft boat, a jet ski dock, all new Trex decking, an outdoor pergola, grill, TV, outdoor shower, and shed. The home is high and dry with flood insurance under $1,000.00 p/y. Leased solar costs $105 per month and drastically reduces electric bills. Opportunities like this don't come along often ... book your appointment today!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017