7 Merle Drive
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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 9, 2022 | Sold | ||
| Sold | |||
| Apr 4, 2022 | Listed by RE/MAX at Barnegat Bay - Manahawkin | $699,000 | |
| Listed by RE/MAX at Barnegat Bay - Manahawkin | |||
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Stafford Township - Desirable, Premier location" East Point ". (Beach Haven West) all utilities are underground resulting in unobstructed views. Boaters will be in their glory, just 3 LAGOONS to open bay with no obstructions! Welcome to 7 Merle.... Curb appeal with beautiful perennials & a custom circular paver driveway. Step inside this fine, turn key, 3 bedroom, 2 full bath home. Features include open concept floor plan. Redone custom kitchen w/ full appliance package, garbage disposal, plank style blond wood floors, custom wood cream cabinets including a pull out pantry approx 30 inches wide, soft close drawers, large corian counter tops (great for entertaining)& pendant lighting. Dining area over looking the water from Anderson glass sliders (total of 3 sets of sliders in home). Light & Bright!!! Split floor plan gives privacy. Master on one side of home & 2 bedrooms on opposite side w/ 1 full bathroom. Washer, dryer, recessed lights, windows replaced in 2009, gas hook up for a fireplace is set in living room area, 40 year roof replaced in 2009, new hot water heater & central air. The sunny back yard boast vinyl fencing, vinyl bulkhead, large 2 tier Trex deck for all your entertaining space! Outdoor shower & shed for storage. Whether you are looking for a year round home or a summer beach house, unlock & open the door to your new home here at 7 Merle. Call today for your personal tour.
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About Beach Haven West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017