2 E ACRES DR
About This Property
Discover unparalleled elegance at 2 East Acres Drive, Pennington, NJ 08534. This newly renovated masterpiece sits on over an acre lot featuring five bedrooms and three and a half baths, offering a perfect blend of style and functionality. Entertain with ease in the expansive living spaces, while the finished basement provides additional recreational opportunities and storage. Bask in natural light in the inviting sunroom, a cozy living room with a fireplace and relish the three-car garage that ensures ample parking. Enjoy the convenience of two master bedroom ensuites, one upstairs and one on the main level. This residence redefines modern living with its thoughtful design and luxurious finishes. Welcome home to comfort, elegance, and sophistication at its best. Don't miss the opportunity to call this property home. (Solar Panels are fully paid off). Price increase cause Seller is paying for new septic tank installation with permits and approvals.
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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