259 JAMES ST
About This Property
Walking up to the front porch, you will walk through the front door into a fabulously lit living room with original hardwood floors and gorgeous archways that lead you in through to the bedrooms of this home. There are three bedrooms with the primary bedroom with generous closet on the main floor along with the second bedroom. The full bathroom of this home features tile flooring and tub/shower surround. The third bedroom is the entire second floor of this home, with built-in dressers on both sides and a full closet for hanging clothes or great storage. Completing the main level of this home you will find a fabulous kitchen featuring Oak Cabinetry, deep farm sink, gas stove with matching appliances and tile flooring. Access to the basement and garage off the kitchen makes it convenient. The lower level of this home offers a family room with extension currently used as a gym. Laundry room with utilities. Finally, a bonus room with a back staircase to the garage which also leads you to the expansive gathering room behind the garage. The current owners have used this space for several years to host family gatherings as the wall that separates this room from the garage opens completely to double the space and will not disappoint. The fenced in yard is fabulous and offers an additional storage shed if you have filled the oversized garage. Call today to tour!
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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 |
|---|---|---|---|
| Oct 27, 2023 | Sold | ||
| Sold | |||
| Sep 24, 2023 | In contract | - | |
| In contract | |||
| Sep 11, 2023 | Listed by RE/MAX Preferred - Mullica Hill | $280,000 | |
| Listed by RE/MAX Preferred - Mullica Hill | |||
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About Mount Ephraim
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017