21 LANCELOT LANE
About This Property
As you arrive, you'll notice the inviting curb appeal enhanced by a new front door and sidelights installed in 2025. The home features a two-car garage and a partially finished basement, offering plenty of space for storage and hobbies. In the backyard, you'll find an 8x12 shed added in 2020, along with a serene koi pond and a fire pit installed in 2024-ideal for relaxing evenings outdoors.
Inside, the home has a remodeled powder room and a kitchen that shines with stainless steel appliances, granite countertops, and custom blinds that continue into the family room. The garbage disposal was updated in 2025, and the home includes an EV charger in the garage for your convenience.
Practical updates are abundant: the HVAC system, a reliable Carrier unit, and the hot water system were both replaced in 2020. The home also features replacement windows, a wood-burning fireplace, and stainless steel gutter guards for easy maintenance.
For those who love the outdoors, the property includes an irrigation system both front and back, a poured concrete foundation, and a lovely setting backing to preserved woods-offering privacy and a touch of nature right at your doorstep.
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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 |
|---|---|---|---|
| Jan 21, 2026 | Sold | ||
| Sold | |||
| Jan 7, 2026 | In contract | - | |
| In contract | |||
| Dec 1, 2025 | Listed by Weichert Realtors - Moorestown | $699,000 | |
| Listed by Weichert Realtors - Moorestown | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017