90 Andover Lane
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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.
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 |
|---|---|---|---|
| Aug 13, 2024 | Sold | ||
| Sold | |||
| Jul 10, 2024 | In contract | - | |
| In contract | |||
| Jun 26, 2024 | Listed by Smires & Associates | $599,900 | |
| Listed by Smires & Associates | |||
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Welcome to 90 Andover Lane in the desirable Strathmore neighborhood! This Ranch Style home features 3 bedrooms, 2 full bathrooms, 2-car garage, fully fenced in yard, & more on a corner lot. Walk up to a beautiful stone paver walkway to a welcoming front porch perfect for your morning coffee. Enter into a brand new front door into a spacious foyer with double closets and an open floor plan featuring a large living and dining room area with laminate flooring and crown molding throughout. Eat-in kitchen features ceramic tile flooring, corian countertops with matching backsplash, & full appliance package. Off the kitchen is an expansive family room with plenty of natural sunlight and french doors to the paver patio and backyard perfect for those Summer BBQs. Also off the kitchen is a laundry room with brand new washer/dryer and access to oversized two car garage. There are 2 generously sized bedrooms with luxury vinyl plank, good closet space, & ceiling lights. Primary bedroom features luxury vinyl plank flooring, double closets, & primary bathroom with upgraded vanity, toilet, and tiled shower. Hallway full bathroom is tiled throughout with upgraded vanity and bathtub. Additional features include radiant heating and crown molding throughout the house! Roof & Hot Water Heater only 3 years old & Driveway was redone 3 years ago as well! Join this close-knit neighborhood known for its strong sense of community and pride of ownership. Commuter's delight! Home is in close proximity to NYC bus, Matawan Train Station, GSP, fantastic Monmouth Parks, nearby beaches, and downtown!
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| Nov 1, 2019 | Sold | ||
| Sold | |||
| Sep 16, 2019 | Listed by Heritage House Sotheby's International Realty | $355,000 | |
| Listed by Heritage House Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017