87 Meridian Drive
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 18, 2021 | Sold | ||
| Sold | |||
| Oct 6, 2021 | Listed by KELLER WILLIAMS WEST MONMOUTH | $429,000 | |
| Listed by KELLER WILLIAMS WEST MONMOUTH | |||
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Beautiful 3BR Ranch available in the desirable Midstreams section of Brick! Brand New Kitchen with S/S Appliances, New Skylight, Center Island w/Built in Microwave, Marble like White Quartz Countertops, White Cabinetry w/Beveled Subway Tiled Backsplash, Slide Out Pantry! All New Flooring Throughout the House! Brand New Bathroom w/Rosette Hexagon Mosaic Tiled Flooring, New Vanity & Lighting! Formal LR with Fireplace, Formal DR with new Chandelier & Picture Window! Recessed lighting throughout! Florida Room leading you out to the Spacious Backyard! Updated Finished Basement w/2 Recreational areas! Fenced in Yard! Portico with Extra Large Storage area! Close to Shopping, All Highways and Beaches!!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017