Burlington
40 SPRINGCRESS DR
$576,000
●
House -
Off Market
40 SPRINGCRESS DR
DELRAN, NJ 08075
4 Beds
3 Baths,
1
Half Bath
2,302 Ft²
$3,053
Est. Monthly
$254
HOA / Fees
5.78%
Cap Rate
About This Property
FABULOUS 2 story Colonial in desirable Summerhill of Delran.
Completely renovated with the highest quality material 4 years ago.
Beautiful new flooring throughout the entire house. Full
finished basement, 9 ft ceilings, this home has been beautifully
redone and features 4 bedrooms, 2.5 baths, formal living and dining
rooms and Spacious family room. This house doesn't need anything
but the new lucky buyer to move in. Easy to show. The
pictures are from before the current owner moved in.
Unit Size
2,302 Ft²
Days on Market
39 days
Land Size
0.22 acres
Price per sqft
$248
Property Type
House
Property Taxes
$946
HOA Dues
$254
Year Built
1994
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Bright MLS #NJBL2069748)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 12, 2024 | Sold | ||
| Sold | |||
| Aug 4, 2024 | In contract | - | |
| In contract | |||
| Jul 22, 2024 | Listed by RE/MAX Of Cherry Hill | $569,900 | |
| Listed by RE/MAX Of Cherry Hill | |||
| Oct 1, 2020 | Sold | ||
| Sold | |||
| Jul 11, 2020 | Listed by RE/MAX Of Cherry Hill | $449,000 | |
| Listed by RE/MAX Of Cherry Hill | |||
| | |||
|
FABULOUS 2 story Colonial in desirable Summerhill of Delran. Completely renovated with the highest quality material. Beautiful new flooring throughout the entire house. Full finished basement, 9 ft ceilings, This home has been beautifully redone and features 4 bedrooms, 2.5 baths, formal living and dining rooms and Spacious family room. This house doesn't need anything but the new lucky buyer to move in. Easy to show..
| |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Burlington
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Listed by: Haci Kose
RE/MAX Of Cherry Hill
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# NJBL2069748
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RE/MAX Of Cherry Hill
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# NJBL2069748
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