9 Patterson Drive
About This Property
Step outside to discover the ultimate outdoor oasis, featuring a large gazebo, perfect for cozy gatherings on cooler evenings. A saltwater vinyl pool invites relaxation, while the full outdoor kitchen provides a haven for culinary enthusiasts.
The property further impresses with a tranquil Koi pond, adding a touch of serenity to the outdoor space. Sports enthusiasts will delight in the basketball court, ideal for friendly competitions and staying active. For hobbyists or those seeking additional space, a 1200 square-foot two-story workshop awaits, offering endless possibilities for customization. With its versatility, the workshop could easily be transformed into a charming guesthouse, providing comfortable accommodations for visitors.
This exceptional property seamlessly blends indoor comfort with outdoor splendor, offering a retreat-like atmosphere for relaxation, entertainment, and leisure pursuit. Don't wait this home will not last!
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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 |
|---|---|---|---|
| May 31, 2024 | Sold | ||
| Sold | |||
| Apr 11, 2024 | Listed by Keller Williams Realty West Monmouth | $749,000 | |
| Listed by Keller Williams Realty West Monmouth | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017