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307 SHEFFIELD ROAD
About This Property
One of the property's standout features is its exceptionally deep backyard-approximately 182 feet deep and among the largest lots in the neighborhood-providing abundant space for outdoor living, gardening, recreation, or future possibilities. The yard is mostly fenced and also includes a storage shed and a sunroom overlooking the backyard.
The kitchen is equipped with a gas cooktop and a built-in gas wall oven. Several windows have already been replaced, and the home features forced-air heating, making the future addition of central air conditioning a more straightforward upgrade if desired. In addition, much of the home has hardwood flooring beneath the existing carpeting, offering another exciting opportunity for future improvement.
Whether you're an owner-occupant looking to personalize a home or an investor searching for your next project, this property presents an outstanding opportunity in an established neighborhood known for its convenience to shopping, dining, major roadways, and an easy commute to Philadelphia.
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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 |
|---|---|---|---|
| Aug 18, 2026 | Sold | ||
| Sold | |||
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Jul 17, 2026 | Listed by Weichert Realtors - Moorestown | $379,000 | |
| Listed by Weichert Realtors - Moorestown | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017