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33 RED OAK DRIVE
About This Property
Designed with flexibility in mind, the home features a spacious 14x18 dedicated office (currently used as a bedroom) with its own private entrance, ductless HVAC system, and oversized storage closets, making it ideal for remote work, hobbies, guest space, or a variety of lifestyle needs.
Inside, you'll find a warm and inviting layout with updated bathrooms, neutral paint colors, recessed lighting, crown molding, and upgraded quartz kitchen countertops. Andersen windows throughout the home provide abundant natural light, while the wood-burning insert adds warmth and character to the family room.
The full basement offers exceptional storage and utility space, including built-in shelving, an additional laundry area, and an impressive 11x16 secure storage room. Additional storage can also be found in the floored attic with pull-down stairs and throughout the oversized detached garage.
Outdoor features include a large composite deck with a natural gas hookup for grilling, underground sprinklers, fenced area for pets, and an expansive asphalt driveway with plenty of parking. The impressive 24' x 36' detached garage/workshop offers outstanding flexibility for contractors, hobbyists, car enthusiasts, storage, or workshop space, and includes a 50-amp RV outlet for added convenience.
Major upgrades completed in recent years include HVAC, water heater, updated flooring, lighting, and a whole-property 20KW Generac generator capable of powering the home and garage during outages.
Conveniently located within commuting distance to Philadelphia, Joint Base MDL, and the Jersey Shore, this property offers peaceful country-style living without sacrificing accessibility.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017