$285,000
●
House -
Off Market
825 Bowline Drive
Forked River, NJ 08731
2 Beds
2 Baths
$566,838
RealtyHop Estimate
77.41%
Since Dec 1, 2015
National-US
Primary Model
About This Property
Affordable waterfront living in desirable Sunrise Beach, with quick
access to open water, 83' on deepwater lagoon, community boat ramp
& bayfront park. Updated 2 bedroom, 2 bath ranch features gas heat,
central air, eat-in kitchen. Formal dining room, livingroom
with gas fireplace, den all with water views. Large paver patio,
partially covered, and beach area with Tiki bar for outdoor
entertaining. Vinyl siding, Andersen windows, Timberline roof and
stone landscaping make for easy maintenance. Crab or fish in your
back yard or take a short ride to open bay, across from Tice's
Shoals. No damage from Hurricane Sandy (elevation certificate
available and never a flood insurance claim).
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$500
HOA Dues
$3
Year Built
1968
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (MOMLS #21504656)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 6, 2015 | Sold | ||
| Sold | |||
| Feb 9, 2015 | Listed by Silver Ridge Realty, LLP | $319,500 | |
| Listed by Silver Ridge Realty, LLP | |||
| | |||
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Affordable waterfront living in desirable Sunrise Beach, with quick access to open water, 83' on deepwater lagoon, community boat ramp & bayfront park included in $40 annual association fee. Updated 2 bedroom, 2 bath ranch features gas heat, central air, eat-in kitchen. Formal dining room, living room with gas fireplace, den all with water views. Large paver patio, partially covered, and beach area with Tiki bar for outdoor entertaining. Vinyl siding, Andersen windows, Timberline roof and stone landscaping make for easy maintenance. Crab or fish in your back yard, or take a short ride to open bay, across from Tice's Shoals and walkway to ocean. No damage from Hurricane Sandy; never a flood insurance claim--elevation certificate available. Shed; plenty of room for winter boat storage on property.
| |||
Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Ocean
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Listed by: Barbara Resko, Silver Ridge Realty, LLP
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21504656
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21504656
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