706 Pensacola Road
About This Property
Great neighborhood location for a new home! This lot is located between two other homes on the street. Water and sewer connections are already paid for. Will need a variance for size as the zoning has changed. In a waterfront area, but not in a flood risk zone. The lot is a little elevated from street level.
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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 |
|---|---|---|---|
| Nov 14, 2024 | Sold | ||
| Sold | |||
| Oct 5, 2024 | In contract | - | |
| In contract | |||
| Sep 3, 2024 | Price Decreased |
$549,900
↓ $40K
(6.8%) | |
| Price Decreased | |||
| Aug 13, 2024 | Listed by RE/MAX at Barnegat Bay | $589,900 | |
| Listed by RE/MAX at Barnegat Bay | |||
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Gorgeous new construction home with an attached garage in a charming waterfront community! This modern 3 bedroom colonial (with a large bonus room that can easily be a 4th bedroom) has everything today's buyer is looking for and is stylishly finished and well appointed. There are 2.5 bathrooms, including a primary suite, open floor plan on the main floor and a large attached garage. Set on a quiet street just a short walk or bike ride to the open bay! There is a large composite deck off the back slider leading out to the back yard complete with sod and an irrigation system covering the whole yard. This home will have everything you need to move right in. Make your plans to check it out today!
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| Dec 13, 2023 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
About Forked River
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Last Updated: 12 months ago
Data Source: MOMMLS, MLS# 22306701
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