16 NEW MILLS DR
About This Property
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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 |
|---|---|---|---|
| Jun 20, 2023 | Sold | ||
| Sold | |||
| Mar 31, 2023 | In contract | - | |
| In contract | |||
| Mar 24, 2023 | Listed by Keller Williams Realty - Moorestown | $435,000 | |
| Listed by Keller Williams Realty - Moorestown | |||
| Mar 22, 2019 | Sold | ||
| Sold | |||
| Aug 20, 2018 | Listed by Keller Williams Realty - Moorestown | $302,000 | |
| Listed by Keller Williams Realty - Moorestown | |||
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Your search ends here! Upon arrival you'll be blown away by the well manicured lawn and spacious yard that this corner property as to offer. Entering in through the front door you're welcomed by a two story foyer, featuring hardwood flooring sprawling throughout the hall and adjacent rooms. There is a room to the left that is presently used as an office or it could offer additional living room space, and a room to the right that is a formal dining room with plenty of natural light. Off the dining room is the butlers pantry and an enormous walk in pantry. Through to the kitchen you'll find an oversized island with additional cabinetry, stone counter tops, stainless appliances and tiled floors. There is an open layout directly into the family room/den and an eat-in area right off the kitchen. Down the hall you'll find the half bath, a full sized laundry room and access to the two car garage. Upstairs you will find a spacious hallway, plenty of closet space, access to the full bathroom and two large bedrooms. Down the hall you'll find the master bedroom that has the adjoining fourth bedroom, presently used as an oversized walk in closet, and the shelving can stay! The master also offers a spacious master bathroom with soaking tub, dual vanities and shower. This home also offers a fully fenced yard, side entry garage and a spacious unfinished basement for even MORE storage! Just a short drive to Route 38 and JBMDL! Make your appointment to see this beauty today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017