42 PENNWOOD DR
About This Property
Custom Cool. 42 Pennwood has been specially prepared to allow for personal-choice dynamic bedroom configuration. Naturally four bedrooms for family/personal use the home is easily adapted to an investor's choice five bedroom profit center for college student tenants. The area is popular with investors that rent to college students. The potential earning opportunity is significant - by renting to 5 students the monthly renal income could range from$2,800-$3,000 per month with minimal maintenance charges results in a potential 10% cap rate . Parents of local college students will love and embrace the quality workmanship and low maintenance requirements at 42 Pennwood along with it's easy access and location. ---
It's location affords easy access to all the major roads and highways, and airports, that connect New Jersey to New York, Boston, Philadelphia , Wilmington, Baltimore, Washington DC, and the world. The region boasts some of the most celebrated Health Services/Hospital/Doctors in the state, a wide array of houses of worship, outdoor adventure locations, biking and hiking paths, professional sports event venues, performance/music venues, historic landmarks, art installations, theatre, and world renown Universities and private schools. Easy commuter access to The College of New Jersey - TCNJ, Rider University, Princeton University, Mercer County Community College, Westminster Choir College to name a few. ---
42 Pennwood is an affordable customized home for anyone looking for that incredibly valuable opportunity, where they may enjoy their best life experiences, everyday. It's custom chic and custom cool! ---
Seller will provide a clear certificate of occupancy.
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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 |
|---|---|---|---|
| Sep 22, 2022 | Sold | ||
| Sold | |||
| Aug 5, 2022 | Listed by BHHS Fox & Roach-Princeton Junction | $259,000 | |
| Listed by BHHS Fox & Roach-Princeton Junction | |||
| Jan 18, 2013 | Sold | ||
| Sold | |||
| Apr 25, 2012 | Listed by BHHS Fox & Roach - Princeton | $119,900 | |
| Listed by BHHS Fox & Roach - Princeton | |||
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This charming Cape Cod home is a wonderful alternative to a townhome! Move right into this fabulous home and start entertaining! This special home features 3 bedrooms, one full bath, built-in seating area in the kitchen, and hardwood floors. The living room features a large bay window and the family room includes a wonderful wood burning fireplace. The first level offers a spacious bedroom and a laundry/mud room. There are two bedrooms on the second level with plenty of storage space. The large screened in patio features electrical outlets, ceiling fan with lights, cable hookup and allows for the enjoyment of the backyard with its beautiful landscaping. The fully fenced in backyard is spacious and private. The outdoor chiminea is perfect for entertaining your friends by the fireside. There is a walk-in storage shed with electricity and two large vinyl storage containers. Also included are the appliances. This home shows like a model and you can move right into this charming home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017