61 Locust Grove
About This Property
Step inside to discover a thoughtfully designed open-concept floor plan that seamlessly connects the living, dining, and kitchen areas-creating a bright and welcoming space for everyday living and entertaining. The kitchen features a convenient breakfast bar, ample cabinetry, and flows effortlessly into the living room, making it easy to stay connected with family or guests. With two spacious bedrooms and a full, well-appointed bathroom, there's plenty of room to relax and unwind. A side-by-side laundry area adds to the home's practical appeal, offering added convenience without sacrificing space. Fabulous outdoor space for all of your entertaining needs.
Situated in a coveted Hazlet location, this home offers close proximity to shopping, dining, parks, top-rated schools, and major transportation routesperfect for commuters and those who love having everything within easy reach.
This turnkey gem in Hazlet is sure to impress. Don't miss your chance to make it yours!
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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 |
|---|---|---|---|
| Oct 10, 2025 | Sold | ||
| Sold | |||
| Sep 20, 2025 | In contract | - | |
| In contract | |||
| Jul 26, 2025 | Listed by Keller Williams Realty Central Monmouth | $157,000 | |
| Listed by Keller Williams Realty Central Monmouth | |||
| Oct 24, 2022 | Sold | ||
| Sold | |||
| Oct 5, 2022 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Red Bank | $130,000 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Red Bank | |||
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Updated and ready to move in!
Great alternative to renting.
Perfect opportunity for a starter home or if you are looking to downsize.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017