321 BALSAM RD
About This Property
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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 |
|---|---|---|---|
| Dec 30, 2019 | Sold | ||
| Sold | |||
| Jul 31, 2019 | Listed by Keller Williams Realty - Washington Township | $144,129 | |
| Listed by Keller Williams Realty - Washington Township | |||
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Beautifully renovated home in Forest Hills of Williamstown! As you pull up to the home you will notice the well maintained front yard and landscaping. You enter the home into the foyer which has new laminate flooring and then the spacious living room with new carpet flooring. Next up is the kitchen which opens up to the large family room with new carpets and a brick fireplace with mantle. The property also has a full bathroom with tile flooring, half bathroom and 3 bedrooms with new carpet flooring. The property also has a nice fenced in backyard and rear deck with ramp. Don't miss your chance to own this beautiful home today! 321 Balsam Road is a COAH Deed Restricted property and is part of the Township of Monroes Affordable Housing Stock. In order to be eligible for an affordable housing unit, you must meet certain income limits as determined by the New Jersey Affordable Housing guidelines. See income restriction chart attached in the document section. See document section for Application form that needs to be submitted with all offers as well as deed restriction (make sure your lender can comply with the deed restriction, if not, see lender list attached for lenders who can comply with the deed restriction). For more information on this program please reach out directly to Beth Mingey at Triad at (856) 481-7044. Due to the deed restriction, the financing would need to be conventional and can't fund via FHA or VA.
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| Nov 30, 2018 | Sold | ||
| Sold | |||
| Oct 8, 2018 | Listed by REAL Home Services and Solutions, Inc. | $96,500 | |
| Listed by REAL Home Services and Solutions, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017