$399,000
●
House -
Off Market
97 PHEASANT DRIVE
BAYVILLE, NJ 08721
3 Beds
1 Bath
960 Ft²
$2,328
Est. Monthly
7.61%
Cap Rate
About This Property
WOW! This desirable Sylvan Lake ranch is newly remodeled & ready to
move right in. This oversized property sweeps you away with its
lush trees for privacy and a beautiful green front & backyard. Open
the front door to a clean look with all new floors throughout & a
newer bathroom. Bedrooms & kitchen are perfectly sized with lots of
sunlight, keeping this home bright & happy. BONUS: All NEW window
treatments have been installed for your purchase. Home is equipped
with efficient forced hot air/ gas heat & central air. There's even
a garage with an extra long/side driveway for more space.
Park & baseball field are just around the corner. Make an
appointment today to be part of this beautiful Sylvan Lake
neighborhood.
Unit Size
960 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$416
Property Type
House
Property Taxes
$368
HOA Dues
-
Year Built
1960
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 11 months ago (Bright MLS #NJOC2037470)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 31, 2025 | Sold | ||
| Sold | |||
| Nov 30, 2025 | In contract | - | |
| In contract | |||
| Nov 11, 2025 | Price Decreased |
$399,000
↓ $21K
(5%) | |
| Price Decreased | |||
| Oct 27, 2025 | Price Decreased |
$420,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Oct 2, 2025 | Listed by RE/MAX at Barnegat Bay - Forked River | $425,000 | |
| Listed by RE/MAX at Barnegat Bay - Forked River | |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
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HOA + Taxes
About Ocean
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Listed by: Charlene Brown
RE/MAX at Barnegat Bay - Forked River
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJOC2037470
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RE/MAX at Barnegat Bay - Forked River
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJOC2037470
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