405 PLAYA DEL SOL
About This Property
WOW - Incredible opportunity to live in the heart of Cherry Hill! This 2 Bedroom/2 bath home, located in the sought after and welcoming Playa Del Sol Community, has so much to offer: both the kitchen and baths have been updated with the kitchen featuring white cabinetry and backsplash, granite countertops and stainless steel appliances (2021). The open floor plan is highlighted by an abundance of natural sunlight and the unit has been modernized with laminate flooring throughout. There is plenty of closet space and even an area for extra storage. Laundry facilities are located on each floor for added convenience. Other amenities include a club house, tennis courts, and swimming pool - all for very reasonable HOA fees. You will feel safe and secure from the moment you step into the upgraded lobby that offers 24 hour security. Lawn and parking lot maintenance as well as snow removal are all included. It is an easy commute to Philadelphia and the surrounding metropolis with easy access to all major highways, You can also appreciate and enjoy a diverse assortment of dining and shopping experiences near by. Beautiful sunrise views from the balcony area. Make "Playa Del Sol" your "oasis in the sun" today.
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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 6, 2022 | Sold | ||
| Sold | |||
| Aug 24, 2022 | Listed by Keller Williams Hometown | $180,000 | |
| Listed by Keller Williams Hometown | |||
| Jan 7, 2022 | Sold | ||
| Sold | |||
| Dec 2, 2021 | Listed by RE/MAX Of Cherry Hill | $169,900 | |
| Listed by RE/MAX Of Cherry Hill | |||
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Beautiful unit with an updated kitchen featuring all white cabinets, granite countertops, neutral backsplash, and Stainless steal appliances. Also newly updated are the bathrooms and new flooring throughout. You don't want to miss an opportunity to reside in the heart of Cherry Hill!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017