1419 MAYS LANDING RD
About This Property
This home offers additional features that make it both comfortable and functional, including: Full Unfinished Basement: A blank canvas for storage, a workshop, or potential future expansion.
200 AMP Electrical Service: Providing ample power for today's needs. New in 2023-Private Well with Newer Filter Equipment: Ensuring fresh and clean water. Private Septic System - Just INSTALLED (December 2024) a brand new Atlantic County compliant septic system. This system gives peace of mind and value added. This extraordinary upgrade has already been addressed at the cost and expense of the Seller. The HVAC system was updated in 2016, featuring an upgraded central air coil, condenser, and a natural gas furnace, ensuring energy efficiency and year-round comfort. A Unique Bonus for Buyers: Quiet Community with Excellent Schools. Folsom is celebrated for its quiet, family-friendly lifestyle and is also known for its excellent K-8 elementary school. For grades 9-12, students attend Hammonton High School, offering the best of both worlds in education. If you're looking for a turnkey property with both charm and modern conveniences, 1419 Mays Landing Road is a must-see. Schedule your private showing today to experience the unique charm and value this home offers in Folsom, NJ. Opportunities like this are rare-don't let this one pass you by!
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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 |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Jan 8, 2025 | In contract | - | |
| In contract | |||
| Dec 16, 2024 | Price Decreased |
$324,900
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Nov 7, 2024 | Listed by Joe Wiessner Realty LLC | $329,900 | |
| Listed by Joe Wiessner Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017