308 MICHAEL TER
About This Property
Introducing an amazing opportunity to become a homeowner in the sought after Wedgewood Forrest community! As you enter, you will appreciate the 16x16 ceramic tile flooring, just to your left is a spacious formal living room with a vaulted ceiling, modern vinyl flooring and tasteful paint colors. This room flows nicely right into the dining room which is prefect for entertaining. As you make your way into the eat in kitchen, you will appreciate the oak cabinetry, oak tray ceiling accents, a center island, granite countertops, a ceramic tile backsplash and stainless steel appliances. Down just a few steps is a lovely family room with a wet bar, which is a great place to relax and enjoy a wood burning fire or quiet evening with your loved ones. There is a powder room on this floor along with easy access to the rear patio an garage. Making our way upstairs where you will find 4 spacious bedrooms, and two full baths. One of these bedrooms is the master suite which provides a private master bathroom. Some additional features include a two car garage, a full basement that has the ability to be finished for more living space. (It was studded to be finished by the previous owners) The fenced in backyard also provides many possibilities for warm weather enjoyment. FYI For some additional peace of mind! New Roof 2016, New HVAC-/Furnace 2017, New Hot Water Heater 2018. This home has great potential, come take a look before this opportunity passes you by! Wonderful neighborhood, excellent schools and a great home all at a fair price! Call today to schedule a VIP 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 |
|---|---|---|---|
| Jun 23, 2022 | Sold | ||
| Sold | |||
| Jun 7, 2022 | No longer available | - | |
| No longer available | |||
| Jun 5, 2022 | In contract | - | |
| In contract | |||
| Jun 1, 2022 | Price Decreased |
$375,000
↓ $7K
(1.8%) | |
| Price Decreased | |||
| May 19, 2022 | Listed by Keller Williams Realty - Washington Township | $382,000 | |
| Listed by Keller Williams Realty - Washington Township | |||
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About Turnersville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017