31 Kenlen Drive
About This Property
The main floor of the home features an open layout, which is perfect for entertaining guests or relaxing with family. The living room is cozy with natural light pouring in. Downstairs you'll find a full basement that's partially finished, providing plenty of space for additional living, storage, laundry area, built-in bar, and a cedar closet.
Located close to major highways, shopping, schools, and the train station. Enjoy The beautiful downtown that Edison has to offer!
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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 3, 2023 | Sold | ||
| Sold | |||
| May 10, 2023 | Listed by NEST SEEKERS INERNATIONAL | $389,900 | |
| Listed by NEST SEEKERS INERNATIONAL | |||
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Welcome to this charming 3 bedroom, 1.5 bathroom home located in the desirable and quaint neighborhood in Edison. This property boasts unique feature as it has been owned by the original owner, offering a special touch of history and care. The main floor of the home features an open layout, which is perfect for entertaining guests or relaxing with family. The living room is cozy with natural light pouring in. Downstairs you'll find a full basement that's partially finished, providing plenty of space for additional living, storage, laundry area, built-in bar, and a cedar closet. Located close to major highways, shopping, schools, and the train station. Enjoy The beautiful downtown that Edison has to offer!
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About Middlesex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017