705 Marion Road
About This Property
Whimsical Ranch surrounded by woods and nature. Open Great room - Living, Dining & Kitchen with vaulted ceiling and work island. Sliders to the expansive deck overlook the peaceful wooded privacy and yard. 3 bdrms, Primary Bdrm with ensuite full bath. SQ Footage does not include the Full basement with Family Room, Work Room, Storage Room. Convenient laundry shoot from main bath to Laundry Room. Sliders from the lower level make easy access to the Detached 2 car garage- a car buff or contractor's dream. Air Condition compressor and the Predator 1000 generator are only 2 years old. Minutes to all the Jersey Shore has to offer.(Photos have been enhanced to provide better room views)
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 3, 2025 | Sold | ||
| Sold | |||
| Oct 24, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Price Decreased |
$569,000
↓ $11K
(1.9%) | |
| Price Decreased | |||
| Sep 10, 2024 | Price Increased |
$579,900
↑ $900
(0.2%) | |
| Price Increased | |||
| Sep 9, 2024 | Price Decreased |
$579,000
↓ $11K
(1.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017