801 Ocean Road
About This Property
Boasting 4 bedrooms, 3 full baths, and a dedicated office, this home offers versatile living spaces designed for comfort and convenience. The newly renovated main living floor showcases classic architectural details paired with thoughtful modern touches. Retreat to the master suite on the third floor, a private haven complete with ample space and natural light, perfect for unwinding after a long day. Outdoors, enjoy the lush yard space that wraps around the property, perfect for entertaining, gardening, or simply soaking up the coastal breeze. With its unbeatable location near local shops, dining, and the beach, this home truly embodies the best of Jersey Shore living.
Don't miss your chance to own a piece of history in Spring Lake Heights.
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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