37 JEROME AVE
About This Property
Stop renting and step in to this beautiful, well-kept starter home that is adorable and affordable. This 3-bedroom rancher is located in the desirable Clementona development in Gloucester Township. Great for first time buyers, this home has been freshly painted with newer carpets and laminated wood floors, updated bathroom, newer windows. The attic pull down access was updated in 2017 with newer stairs that leads into plenty of attic storage spaces. Most of the major appliances are no more than 5 years old including the hot water heater. A brand-new heating and air conditioning unit was just installed. Recessed lighting throughout the home and lights inside closets bedroom closets. The large backyard provides plenty of play space. This house is also located in a good area for commute and shopping with close access to many major arteries including the Atlantic City Expressway, route 42, the White Horse Pike and the Black Horse Pike. Gloucester Township school district. Low taxes.
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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 |
|---|---|---|---|
| Oct 21, 2022 | Sold | ||
| Sold | |||
| Aug 12, 2022 | Listed by Weichert Realtors-Turnersville | $210,000 | |
| Listed by Weichert Realtors-Turnersville | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017