86 Jonathan Drive
About This Property
The home's outdoor space is perfect for waterfront activities, with a beautiful paver driveway, expansive decking, a storage shed, and a dock along the 75 ft vinyl bulkheading.
While the home does need updates, its flexible layout offers the potential to easily convert it into a 6-bedroom home, providing even more space to make it your own. Located close to Long Beach Island (LBI), shopping, hospitals, and the Garden State Parkway, this property offers both a convenient and serene waterfront lifestyle. A great opportunity to create your dream coastal home!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Oct 9, 2024 | In contract | - | |
| In contract | |||
| Sep 26, 2024 | Listed by RE/MAX at Barnegat Bay | $600,000 | |
| Listed by RE/MAX at Barnegat Bay | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017