438 MOREHOUSE DR
About This Property
Freshly painted and cleaned, with new luxury vinyl floors, all new HVAC and recessed lighting. NEW HVAC , bathroom is beautifully tiled highlighted with A push-button toilet.
This Home is nestled on a large lot, providing ample privacy in the backyard – perfect for relaxing and or entertaining guests. Driveway offers plenty of parking space. Move in ready with sidewalks leading to the community pool and a park. In the summer months they play movies in the park! Conveniently located to major roads and an easy commute into Philly/NJ/DMV. This home may qualify for up to a 10K grant towards down payment or closing costs assistance for qualified buyers.
This home is perfect if you want everything on one floor. Or imagine your first home can be the next step to your dream home. After living here for 2 years you could turn this home into your first rental property.
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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.
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About Dunleith
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017