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783 Simmons Drive
About This Property
Welcome to 783 Simmons Drive, a beautifully updated 4-bedroom, 1.5-bath bi-level home nestled in one of Toms River's most desirable and vibrant waterfront communities. Step inside to find a freshly modernized interior, completely redone within the last few years. The upper level features a bright, open flow with a seamless transition between the living space, dining area, and an updated kitchen--perfect for entertaining. Downstairs offers fantastic versatility with additional living space, bedrooms, and a full bath, making it ideal for a family room, home office, or guest suite.
Outside, the generous yard is fully fenced-in, providing a private, secure oasis for summer barbecues, pets, or outdoor play.
Living in Shelter Cove means embracing an incredible neighborhood footprint. Just moments from your front door, you have access to a spectacular community beach area, a scenic gazebo, tennis and pickleball courts, baseball and soccer fields. It's the ultimate combination of a quiet, neatly tucked-away neighborhood and an active, outdoor lifestyle. Don't miss the chance to make this turn-key home your own!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017