616 Morris Boulevard
About This Property
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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 |
|---|---|---|---|
| Oct 16, 2024 | Sold | ||
| Sold | |||
| Sep 12, 2024 | In contract | - | |
| In contract | |||
| Sep 4, 2024 | Listed by Weichert Realtors-Holmdel | $335,000 | |
| Listed by Weichert Realtors-Holmdel | |||
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Your opportunity is here to own an adorable home on a park-like oversized lot located close to Barnegat Bay. Enter your home and enjoy the area/sunroom space with loads of natural light. Large open family room at the heart of the home. Primary bedroom has beautiful solid wood peg flooring. Granite kitchen with ceramic tile backsplash. Updates include: renovated bath, windows, 2022 HVAC, Generac backup generator, gas stove and washer/dryer. Wonderful backyard/entertaining including: paver patio, indoor/outdoor living, antique signs/keepsakes and furniture. Community has lots to offer including: Private Yacht club, nearby beaches and seaside boardwalk.
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| Apr 26, 2023 | Sold | ||
| Sold | |||
| Feb 27, 2023 | Listed by Nest Seekers New Jersey LLC | $299,000 | |
| Listed by Nest Seekers New Jersey LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017