431 GATEWOOD RD
About This Property
The upper level offers a generously sized primary bedroom w/a full wall walk-in closet, laundry chute and updated en- suite bath w/granite counters & walk-in shower. 3 additional well-sized bedrooms( one w/built-in shelves & alcove perfect for a computer desk), a gorgeous updated hall bath w/granite vanity, tiled walls & flooring, a deep linen closet, a walk-in cedar closet (9X6) & pull down stairs complete this level. All bedrooms have ceiling fans. The basement's finished area w/vinyl tile flooring, a pool table (included), & wet sink(ready for a bar)has endless possibilities...perfect for a gym, playroom, man cave. An adjacent room offers a half kitchen w/sink & dishwasher. The unfinished area is equipped w/a work bench & an expansive space for lots of storage, access door to backyard, sump pump & French drain.
With replacement windows, 6 panel doors t/o, newer hot water heater, sprinkler system, one year home warranty, award winning Cherry Hill Schools & Woodcrest Swim Club, this lovely home is ready for new owners to move in and start making memories. Easy Access to all major highways, 20 min to Phila., close proximity to Wegmans, Whole Foods, Shop Rite, Cherry Hill Mall & Houses of Worship.
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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 |
|---|---|---|---|
| Jul 18, 2024 | Sold | ||
| Sold | |||
| Jun 18, 2024 | In contract | - | |
| In contract | |||
| May 23, 2024 | Listed by BHHS Fox & Roach-Cherry Hill | $549,000 | |
| Listed by BHHS Fox & Roach-Cherry Hill | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017