408 HOBART DR
About This Property
This Well Maintained Two Story Colonial located on a quiet street in the popular "Tavistock Hills" section of town. It is within walking distance to Haddonfield. Property Features a Formal Living Room with a Gorgeous Brick wood-burning fireplace, and Gorgeous Hardwood floors throughout. Formal Dining Room, Eat-in Kitchen, With Cherry Wood Cabinets, and Coran Countertops, a Large Great Room/ family room Features a gas fireplace with a Large bay window overlooking Back yard. The Garage was converted into a Den. Perfect space for a Playroom, or a Home Office. Next to the Den you will find a Half Bathroom. Upstairs Features , 3 Large Bedrooms and 1 Full bathroom, that was recently painted. The Master Bedroom features 2 Closets. Looking for Additional Storage, The Property Features a full Unfinished basement, and a Shed for Storage, and an Attic. Backyard is Fenced in, an features a Concrete Patio. HVAC was Replaced in 2012.
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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 |
|---|---|---|---|
| Mar 3, 2023 | Sold | ||
| Sold | |||
| Oct 13, 2022 | Listed by Compass New Jersey, LLC | $325,000 | |
| Listed by Compass New Jersey, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017