16 OAKLEY DRIVE
About This Property
The living room is bright and spacious, featuring a large window that brings in tons of natural light, along with hardwood flooring that flows into the formal dining room. The kitchen provides ample cabinetry and counter space, ideal for preparing meals or enjoying casual dining.
The lower-level family room offers generous space to relax or entertain, complete with a gas fireplace for added warmth and charm.
Upstairs, the primary bedroom includes excellent closet space and a full en suite bath. Two additional bedrooms are well-sized with plenty of closet storage and share a full hall bath with ceramic tile and a tub/shower combo.
A partially finished basement adds even more flexibility-great for a home office, gym, or recreation area.
Step outside to your own private backyard oasis. The fully fenced yard offers peace, privacy, and endless possibilities. Enjoy the expansive patio-perfect for summer barbecues, morning coffee, or evening relaxation-surrounded by mature landscaping and lush green space. Whether you're hosting friends or simply unwinding at the end of the day, this outdoor retreat offers room to breathe and space to enjoy.
Additional features include a one-car garage and a prime location on a quiet dead-end street-offering rare privacy in a well-loved neighborhood. All this, plus top-rated Cherry Hill schools and convenient access to shopping, dining, and major highways.
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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 |
|---|---|---|---|
| Jul 9, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Listed by RE/MAX Of Cherry Hill | $499,000 | |
| Listed by RE/MAX Of Cherry Hill | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017