2392 MADISON AVE
About This Property
2392 Madison's floor plan will accommodate families, first time buyers, down-sizers, investors, avid travelers, and students of local colleges - anyone looking for an awesome living experience. The clear line of sight to the backyard provides for family security, the cool retro 70's designed basement multi-use room can be a gamer's paradise, private schooling area, personal quite space, man-cave or indoor she-shack, sports hang/bar, or even a meditation space. Bedrooms on the first and second floors make guest visits, growing family, and multi-generational living comfortable. Hardwood and luxury vinyl plank flooring throughout the house support the overall use and charisma of each room in the house.The multi-car/truck driveway offers valuable off-street parking.
For Investors - 2392 Madison offers an opportunity to create a profit center with college student tenants or traditional tenants. The area is popular with investors that rent to college students. The potential earning opportunity is significant - by renting to college students the monthly rental income can be calculated per student. Parent-buyers of local college students will love and embrace the quality and low maintenance requirements at 2392 Madison along with it's easy access and location.
It's location affords easy access to all the major roads and highways, and airports, that connect New Jersey to New York, Boston, Philadelphia , Wilmington, Baltimore, Washington DC, and the world. The region boasts some of the most celebrated Health Services/Hospital/Doctors in the state, a wide array of houses of worship, outdoor adventure locations, biking and hiking paths, professional sports event venues, performance/music venues, historic landmarks, art installations, theatre, and world renown Universities and private schools. Easy commuter access to The College of New Jersey - TCNJ, Rider University, Princeton University, Mercer County Community College, Westminster Choir College to name a few.
2392 Madison is an affordable, beautifully finished home for anyone looking for that incredibly valuable opportunity, where they may enjoy their best life experiences, everyday. 2392 Madison is a friends and family super destination! Invite everyone!
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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 |
|---|---|---|---|
| Nov 29, 2022 | Sold | ||
| Sold | |||
| Oct 1, 2022 | Listed by BHHS Fox & Roach-Princeton Junction | $289,000 | |
| Listed by BHHS Fox & Roach-Princeton Junction | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017