23 Southfield Road
About This Property
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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 |
|---|---|---|---|
| Aug 11, 2022 | Sold | ||
| Sold | |||
| May 11, 2022 | Listed by FORMULA REALTY, LLC | $1,250,000 | |
| Listed by FORMULA REALTY, LLC | |||
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Welcome home to 23 Southfield Road! This 5B/4BA modernized, North facing colonial is set on almost 1 acre of meticulously landscaped yard brimming with curb appeal, in the most desirable section of North Edison. First floor features open, sun drenched living/dining with bonus expansive family room. Gourmet eat-in, granite kitchen is at the center of it all with updated appliances. Fully renovated, expansive in law suite with separate entrance, kitchen with updated appliances, living room, patio. Second floor features oversized master suite with cathedral ceilings, fireplace, walk-in closet, oversized tub. Fully finished walk out basement. Outside enjoy two Trex decks, patio, Hardi board siding, circular driveway. Easy commuting close to Metropark and Metuchen Train stations, GSP, Turnpike, Rt 287, Rt 1.
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| Aug 29, 2017 | Sold | ||
| Sold | |||
| Mar 6, 2017 | Listed by KELLER WILLIAMS ELITE REALTORS | $860,000 | |
| Listed by KELLER WILLIAMS ELITE REALTORS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017