111 MEADOW LN
About This Property
Updated hardwood floors flow throughout the home as you move from the formal sitting room into the dining room.
To the left of the front door is a quaint office/bedroom/bonus room and a half bath down the hall just before the kitchen.
The kitchen has an open feel highlighting a breakfast area and steps down into a the family room. The family room has a wood-burning fireplace complete with granite mantle and a sliding door that leads outside to an expansive deck.
The primary ensuite highlights a vanity area outside the bathroom and a walk-in closet.
Two bedrooms and a full bathroom are upstairs as well.
There is a partially finished basement to utilize as a bonus area in addition to storage. Basement also features a french drain, sump pump and poured concrete foundation.
There is also an attic for additional storage space.
One car garage is off the kitchen as well as a laundry room with walk-out access to the side yard.
The backyard, in addition to the expansive deck is fully-fenced in and includes a storage shed.
New roof and sewer pipe in 2023. Water heater in 2021.
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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 |
|---|---|---|---|
| Aug 30, 2023 | Sold | ||
| Sold | |||
| Aug 1, 2023 | In contract | - | |
| In contract | |||
| Jun 24, 2023 | Price Decreased |
$440,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| May 10, 2023 | Listed by Weichert Realtors-Haddonfield | $449,999 | |
| Listed by Weichert Realtors-Haddonfield | |||
| Sep 14, 2022 | No longer available | - | |
| No longer available | |||
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017