306 Demott Ln
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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 |
|---|---|---|---|
| Apr 30, 2024 | Sold | ||
| Sold | |||
| Feb 14, 2024 | In contract | - | |
| In contract | |||
| Feb 6, 2024 | Relisted | $599,000 | |
| Relisted | |||
| Dec 26, 2023 | In contract | - | |
| In contract | |||
| Nov 17, 2023 | Listed by NextHome Zenith | $599,000 | |
| Listed by NextHome Zenith | |||
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Introducing 306 Demott Lane, a charming and beautifully renovated expanded ranch in the heart of Somerset. With 3 bedrooms and 2.5 baths, this spacious home offers a comfortable and functional layout perfect for modern living. As you step inside, you'll be captivated by the gleaming hardwood floors that flow throughout the main living areas. Highlights include a 2 story Living room with fireplace for cozy winter nights. The updated baths showcase contemporary design elements and offer a touch of luxury. Whether you're starting your day with an invigorating shower or unwinding in a relaxing bath, these bathrooms provide a serene and spa-like experience. Fresh paint throughout the home adds a touch of elegance and a blank canvas for your personal style This property also boasts a brand new roof, ensuring peace of mind and protection from the elements for years to come. With approximately 2,100 square feet of living space, there is plenty of room for you and your loved ones to spread out and make lasting memories.Located in the desirable Franklin Township neighborhood, this home is conveniently close to major hospitals, universities, main roadways, parks, shopping centers, and more. Enjoy the best of both worlds - a tranquil setting while still being within reach of all the amenities you need.Don't miss your chance to call 306 Demott Lane home. Schedule a showing today and experience the comfort, convenience, and beauty this property has to offer.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017