408 W 1ST AVE
About This Property
Stunning, recently remodeled 3 bedroom and 2 bathroom rancher in Runnemede with finished basement. New kitchen an two new bathrooms with Vinyl waterproof flooring. Primary bedroom is spacious with skylight , large closet and recessed lights plus has it's own bathroom. The living room and all the bedrooms have beautiful hardwood floors. This gorgeous kitchen has white cabinets with quartz countertops, white backsplash, gas range, microwave, garbage disposal, refrigerator, pendant lights, waterproof Vinyl flooring and bay window. Just off the kitchen is a bright family room with waterproof vinyl flooring and lots of natural lighting . French doors in the family room lead to a large deck which is a great place to relax and entertain. The backyard is very private with a wooded view. The finished basement has vinyl waterproof flooring and recessed lighting and is very open offering plenty of space for you to enjoy. There is a nice sized laundry room in the basement. Pull down attic steps for attic storage. New gas heater, hot water heater, central air and electrical panel. The driveway is long for 2 car parking. Easy access to several major highways and a short drive to Philadelphia . Plenty of shopping, restaurants and parks nearby! Hurry and schedule your appointment today, this home won't last long!
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017