16 OAK DRIVE
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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%.
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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.
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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 17, 2025 | Sold | ||
| Sold | |||
| Dec 28, 2024 | In contract | - | |
| In contract | |||
| Dec 11, 2024 | Listed by BHHS Fox & Roach - Haddonfield | $53,000 | |
| Listed by BHHS Fox & Roach - Haddonfield | |||
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Nicely reconditioned Single wide mobile in quiet Norways Mobile Home Community for Seniors. Freshly painted inside and out and a driveway that will hold 3 vehicles the 25' covered patio makes it a great place to have coffee or refreshments outdoors 7 months out of the year; the metal shed (sold as is) is perfect for keeping your lawn mower and/or garden equipment neatly stored in one place. Economical gas heat and gas cooking plus public sewer and water keeps expenses reasonable for the thrifty owner. Lots of space for your necessary possessions to be stored within the unit, Kitchen and bathroom both have been remodeled with cabinetry and counter tops as well as new appliances for the kitchen. Situated in the 2nd Bedroom are full sized washer and dryer, and there is good closet space in both bedrooms . The bathroom has a new 36" stall shower and new vanity with counter top. New flooring throughout the unit and large front window to allow for lots of sunlight to light up your kitchen and dining area and living room! Perfect for someone who wants something new with a touch of the traditional. Best buy for the money! NOTE: All applicants must be apply at the Park Management Office and be approved by the Norways MHC Management in order to buy; need to be approved before signing any contracts. Lot Rent per month is $740, and includes water, sewer, CCMUA and trash/recycling and taxes. CASH ONLY PURCHASE.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017