Welcome to 42 Peppergrass Drive North in Holiday Village, one of
South Jersey's premier 55+ communities! This charming ranch-style
home features two bedrooms, two full bathrooms, a spacious one car
garage and a comfortable layout designed for effortless everyday
living. The impressive main living room offers ample space for
entertaining and dining along with tons of natural sunlight beaming
from the new Pella windows. Step outside to a private backyard that
backs to the woods, where you can enjoy peaceful mornings on the
patio with a cup of coffee while watching deer wander along the
tree line. Recent improvements include new flooring and carpeting,
new Provia doors, a new washer, a new GE oven, a new hot water
heater, a brand-new built-in microwave, custom window treatments
throughout, and recently updated electrical. Holiday Village offers
an active, vibrant lifestyle with exceptional amenities, including
a community pool, clubhouse, community center, tennis courts, and
so much more. Whether you're ready to downsize or simply looking
for the convenience of single-level living, this move-in-ready home
offers the perfect opportunity to enjoy comfort, community, and a
low-maintenance lifestyle. Book your appointment today before it's
too late!
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.
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