305 SHADY TER
About This Property
Come check out all the possibilities this property has to offer. The home sits on a large lot at the end of a cul da sac. There is a nice size living room, which has large windows to let in plenty of natural light. There is a full eat in kitchen, that has plenty of cabinet space. The laundry room is located on the main floor, this large room offers additional possibilities, could be a nice office space or play area. Off of the laundry room leads out to a sunroom. Also on the main floor is the full bathroom and two bedrooms. Upstairs you will find two more bedrooms and some attic storage space. There is a basement that has outside access, this could provide some additional storage space. The property does need a lot of updating and repairs, so bring your creative mind! There is a lake in the community that is walking distance from the property or a short bike ride. The property is being sold as-is, all inspections, required certifications, and repairs are the responsibility of the buyer. The seller will start reviewing offers after the property has been on the market for 8 days.
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Cap Rate Calculator
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 22, 2023 | Sold | ||
| Sold | |||
| Nov 8, 2023 | In contract | - | |
| In contract | |||
| Oct 20, 2023 | Listed by Keller Williams Realty - Cherry Hill | $124,950 | |
| Listed by Keller Williams Realty - Cherry Hill | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017