20 RANDOLPH DRIVE
About This Property
The fully fenced backyard includes a paver patio and pergola, creating a peaceful space for relaxing or hosting friends. Additional highlights include an attached garage, generous storage, and a brand-new roof installed in 2023. What truly sets this home apart is its ideal location. Situated on a quiet residential street, you're walking distance from the shops, restaurants, and historic charm of downtown Mount Holly. Outdoor enthusiasts will appreciate the nearby walking trails, parks, and open space at Iron Works/Mill Dam Park and Historic Smithville Park. Commuters will enjoy the easy access to Route 38, Route 295, and the New Jersey Turnpike, making travel to Philadelphia, Trenton, or Joint Base McGuire-Dix-Lakehurst simple. The home is also conveniently located within walking distance of Rancocas Valley High school and Burlington County Institute of Technology local schools, adding another layer of everyday ease. Don't miss the opportunity to make 20 Randolph Drive your next home.
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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.
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017