642 Locust Point Road
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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 29, 2026 | In contract | - | |
| In contract | |||
| Aug 20, 2026 | Listed by Heritage House Sotheby's International Realty | $599,000 | |
| Listed by Heritage House Sotheby's International Realty | |||
| May 30, 2023 | Sold | ||
| Sold | |||
| Apr 10, 2023 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Red Bank | $399,900 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Red Bank | |||
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This cozy 2 bedroom bungalow features a front porch, low-pitched roof, and a compact layout. Located in the sought-after Locust section of Middletown boasts a large level lot, providing ample outdoor space for relaxation and entertainment. The front porch is not only a lovely feature of the home but also provides an ideal place to enjoy the outdoors and soak up the neighborhood's peaceful ambiance. Inside, the home includes 2 bdrms and one bath, providing a comfortable living space for a small family or a couple. Additionally, there is an unfinished basement that can be used for storage, a playroom, or potentially finished to provide add'l living space. The rear of the property features a det 2 car gar currently used as an artist studio.
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| Feb 26, 2014 | Sold | ||
| Sold | |||
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About Monmouth
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017