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424 EVANS AVENUE
About This Property
Welcome to this impeccably maintained single-family brick Colonial home in Upper Moreland Township, offering three bedrooms and 1 1/2 bathrooms. This home features a spacious living room with custom bookshelves, formal dining room, and an updated kitchen with quartz countertops. A one-year-old refrigerator is included. Luxury vinyl flooring and natural hickory complement this cheerful space, which is open to the Dining Room. Family room adds extra living space. Newer carpeting is featured throughout other areas of the home providing comfort, with original hardwood floors underneath.
Enjoy relaxing or entertaining in the three-season patio featuring skylights and ceiling fan, overlooking the fenced yard. The property also offers a one-car garage, decorative brick walkway to back yard, shed (with electric), attic storage, and a full basement waterproofing system with a perimeter French drain and vapor barrier. Additional features include vinyl insulated windows, recessed lighting, gas hot-air heat (2022), central air conditioning (2022), upgraded 200 amp electric service and an auxiliary backup generator. Samsung front loader washer and dryer are included.
Recent improvements include a new concrete driveway and sidewalks, with the main roof installed in 2022. This home combines comfortable living spaces, practical updates, and desirable features in a convenient and desirable Upper Moreland Township location. The thoughtful care and numerous updates throughout reflect the pride of ownership that makes this charming home truly special.
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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