1366 STOKES RD
About This Property
Welcome to this beautifully remodeled ranch home in the highly sought-after Medford Township. This residence is flooded with natural light and features a neutral decor that enhances its inviting and comfortable atmosphere.
Inside, you'll find 4 spacious bedrooms, including a luxurious master suite with an ensuite bathroom featuring a walk-in marble shower and seamless glass door. The remaining 3 bedrooms are also generously sized, offering plenty of space for family or guests. The hall bathroom is a stylish retreat, complete with a marble tub/shower combo and marble flooring.
The heart of the home is the expansive kitchen, boasting a stunning quartz waterfall countertop and backsplash, sleek stainless steel appliances, a farm sink, white shaker cabinets, and a built-in refrigerator. The living room, with its exposed beams and wood-burning fireplace, provides a cozy and welcoming space.
The fully finished basement is a standout feature, offering a large living area with another wood-burning fireplace, and a separate section perfect for a pool table, office, or play area. The basement also has direct access to the 2-car garage, which is conveniently located at the end of a long driveway.
Outside, enjoy the serenity of the screened-in porch overlooking a vast .75-acre private backyard. The property also includes new flooring and paint throughout, a new roof, new HVAC system, and recessed lighting. The washer and dryer are included, and a recent septic inspection has been completed.
This home seamlessly combines modern upgrades with classic charm, making it the perfect place to call home.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017