85 Marine Road
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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.
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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 |
|---|---|---|---|
| Apr 13, 2015 | Sold | ||
| Sold | |||
| Dec 15, 2014 | Listed by Pacesetter Realty | $264,400 | |
| Listed by Pacesetter Realty | |||
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3 bdrm, 2 bath with unlimited potential! Gorgeous Hardwood Floors, wood burning fireplace, LR/DR/FR with another w.b. stove, and large enclosed porch/Sunroom. Bonus room on main floor can be used as a bedroom. Three bedrooms upper level and tons of storage! Very large lot and two storage sheds. All this in the desirable neighborhood of Barnegat Beach where owners can enjoy an optional membership to the association that includes discounted boat slip in the community marina. bay front picnic area and community activities in the clubhouse.
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About Ocean
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Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21454616
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017