611 Mcclellan Street
About This Property
Features include 3 Bedrooms,2 full baths, formal dining room, living room with gas fireplace, great size family room, office, vinyl floating floor in living room, dining room & family room with hardwood floors underneath,beautiful kitchen with cherry wood cabinets,granite counters, ceramic tile floor, stainless steel appliances and a separate dining area, home is equipped with a hardwired generator hook up, tankless water heater,2 car detached garage, fully fenced large property, full unfinished basement with workshop and so much more!!!! Close to beaches, boardwalk, pier village, area marinas, restaurants, NJ Transit, GSP, monmouth racetrack, university and medical center, monmouth mall and more!!! This is a great home and a pleasure to show!
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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 |
|---|---|---|---|
| Jun 27, 2019 | Sold | ||
| Sold | |||
| Jan 24, 2019 | Listed by Heritage House Sotheby's International Realty | $349,900 | |
| Listed by Heritage House Sotheby's International Realty | |||
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About Long Branch City
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$3,900 /mo
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$4,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017