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8 CRANBURY LAKE DRIVE
About This Property
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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%.
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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 |
---|---|---|---|
May 2, 2025 | In contract | - | |
In contract | |||
Apr 3, 2025 | Listed | $385,000 | |
Listed | |||
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Welcome home to 8 Cranbury Lake Drive. This 3 BR 1 BA ranch home is
located on a peaceful lagoon in the sought-after community of
Mystic Island. The home has new laminate flooring, and carpet and
is freshly painted. Enjoy time in the windowed 3 season room. Walk
out to the spacious backyard through a sliding door in the living
room where you will find the floating dock and plenty of space for
your boat, kayak, and all of your water toys! This is the perfect
place for a full-time resident…
| |||
Dec 28, 1993 | Sold to David A Wenstrom, Evelyn We... | ||
Sold to David A Wenstrom, Evelyn We... |
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