40 BELLEVUE AVENUE
About This Property
views of the back yard (more on that later). Kitchen offers ceramic cooktop, built in microwave, convection oven, Corian counters, ample cabinets and breakfast bar.Down the hall you'll find the main bedroom, full bath and second bedroom. Upper floor offer a third bedroom and a bonus room that can be a home office or den. Step into the finished basement offering additional living space, yet another full bath, laundry room, as well as storage. The fenced rear yard a patio to sit and overlook the charming garden. Dutch barn style shed for storage as well as the 1.5 car garage. Heater and hot water heater are 4 years old. This home is in walking distance to downtown Pitman where so many good things are happing! Great schools, dining, charming shops, entertainment and of course the Pitman Theater! Walking distance to Rowan University! Close to major highways, healthcare, public transportation, EZ ride to the shore, Philly and everything in between. Don't hesitate
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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 |
|---|---|---|---|
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Dec 18, 2024 | In contract | - | |
| In contract | |||
| Nov 8, 2024 | Price Decreased |
$329,900
↓ $10K
(2.9%) | |
| Price Decreased | |||
| Oct 29, 2024 | Price Increased |
$339,900
↑ $10K
(3%) | |
| Price Increased | |||
| Oct 17, 2024 | Listed by EXP Realty, LLC | $329,900 | |
| Listed by EXP Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017