21 ALEXANDER DR
About This Property
When approaching the first you notice is the welcoming front porch. Once inside you are greeted with a "hardwood floor" entranceway/hall. The main level offers a dining room, eat-in kitchen, accented with custom 42-inch cabinets, and a full appliance package. The Great Room is spacious (18 x13) highlighted with a vaulted 18 ft ceiling and floor and oversized windows allowing for plenty of natural light. The seller opted at the time of construction to add a Florida room to the rear of the property..... a great view!! The carpet is original and will need to be replaced. Additionally on the main level is the "main bedroom suite" which includes a private bath with dual vanity, separate shower /whirlpool tub, and a large walk-in closet. There is also a 2nd bedroom and full bath on this floor as well as the laundry facility.
The 2nd level is equally as impressive offering a 13 x 12 open loft area overlooking the Great Room. Also, on this level is a 3rd bedroom and full bath, allowing for privacy for out-of-town guests or maybe even grandchildren. There is also an oversized attic which makes a great storage area. The rear of the property is accented with an oversized patio and a retractable awning if needed. The backyard setting is one of the most attractive features of the property !! You can replace carpeting but you can't change locations!!
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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 |
|---|---|---|---|
| Sep 8, 2021 | Sold | ||
| Sold | |||
| Jul 19, 2021 | Listed by Compass New Jersey, LLC | $299,000 | |
| Listed by Compass New Jersey, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017