2803 SALEM DR
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 |
|---|---|---|---|
| Jul 13, 2020 | Sold | ||
| Sold | |||
| Jun 11, 2020 | Listed by Keller Williams Realty - Moorestown | $389,900 | |
| Listed by Keller Williams Realty - Moorestown | |||
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Welcome to 2803 Salem Drive! Nestled on a spacious lot in Wellington West, a desirable neighborhood in Cinnaminson, NJ, this gorgeous home has so much to offer. This charming, rustic, farmhouse-style home features an open floor plan that is perfect for entertaining. When you enter the home, you'll notice the gleaming hardwood floors, and a flood of natural light from the brand new oversized window. Newly updated, from recessed lighting to redesigned bathrooms, no detail was left untouched. The open concept living and dining space flows nicely with stunning crown molding and chair railing that adds a nice touch to the rooms. The bright, beautiful kitchen features new white cabinetry, a complementary tiled back splash, granite countertops, stainless steel appliances including a wine refrigerator, a spacious pantry, and an L-shaped island with space to sit and eat, and pendant lighting that highlights the space. With 3 spacious bedrooms, including a custom California closet in the master bedroom, there is plenty of closet space and new carpet in the bedrooms with the original refinished hardwoods underneath. The master bathroom is stunning. From the light fixtures, to the new walk-in shower with a built-in bench, the master bathroom has such an upscale, yet rustic charm with its granite double sink vanity and barn door. The second full bathroom is spacious. It offers new tile flooring, vanity, and gorgeous ceramic tiles surrounding the bathtub. The family is sunny with large windows, new flooring, and fresh paint. There is an office space and a half bathroom off of this room, and the new washer and dryer are in the laundry room close by. The furnace and water heater are brand new! Including a two car garage, this home has everything you need. The sizable back yard offers even more space for entertaining. There is a new deck, a saltwater above-ground pool, fire pit area, and gorgeous overhang for some shade in the sunny summer months. Come experience this home for yourself while this opportunity lasts!
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| Jul 12, 2017 | Sold | ||
| Sold | |||
| May 14, 2017 | Listed by BHHS Fox & Roach - Haddonfield | $299,000 | |
| Listed by BHHS Fox & Roach - Haddonfield | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017