$300,000
●
House -
Off Market
694 DEER HEAD LAKE DRIVE
FORKED RIVER, NJ 08731
2 Beds
1 Bath,
1
Half Bath
$1,587
Est. Monthly
9.06%
Cap Rate
About This Property
Imagine the Possibilities! This 2BR raised ranch, just a short walk
from the lake, offers the perfect blend of small-town living and
easy access to everything the Jersey Shore has to offer. Step
inside to find original wood flooring, a cozy living room with a
fireplace, and a bright eat-in kitchen alongside a separate dining
room. The spacious second-floor bedroom, complete with its own half
bath, is perfect for the kids or a private haven for a teenager.
Downstairs, the full basement includes a small playroom or office
space, while the unfinished area is ready for your vision extra
living space, a workshop, or ample storage. Outside, the backyard
is a blank canvas for your dream outdoor oasis. With a scenic park
right across the street and the Garden State Parkway just minutes
away
Unit Size
-
Days on Market
18 days
Land Size
0.09 acres
Price per sqft
-
Property Type
House
Property Taxes
$261
HOA Dues
-
Year Built
1935
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Bright MLS #NJOC2031620)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 25, 2025 | Sold | ||
| Sold | |||
| Mar 15, 2025 | In contract | - | |
| In contract | |||
| Mar 5, 2025 | Relisted | $269,900 | |
| Relisted | |||
| Feb 21, 2025 | In contract | - | |
| In contract | |||
| Feb 10, 2025 | Listed by RE/MAX at Barnegat Bay - Forked River | $269,900 | |
| Listed by RE/MAX at Barnegat Bay - Forked River | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Ocean
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Listed by: Derek H Stephensen
RE/MAX at Barnegat Bay - Forked River
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# NJOC2031620
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RE/MAX at Barnegat Bay - Forked River
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# NJOC2031620
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