445 PADDOCK CT
About This Property
This First Floor Condo Unit features newer appliances (5 years old) and new Textured Pergo Flooring. Entire unit has had new roofing and Siding installed within the past year.
The Open Floor Plan provides a Living Room/Dining Room Combination and access to the private deck via sliding doors, ideal for relaxing. There is also an outside storage unit.
The HVAC System was replaced 10 years ago and the Laundry Room is conveniently located.
The Master Bedroom includes a very large walk-in closet with connecting door to the bathroom with a new upgraded sink/vanity.
This area is convenient to all major highways and close to Philadelphia and Shore Areas. Plenty of Shopping Centers and Restaurants too.
THIS IS AN AS IS SALE. BUYER RESPONSIBLE FOR ALL INSPECTIONS AND REPAIRS.
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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 |
|---|---|---|---|
| Aug 26, 2022 | Sold | ||
| Sold | |||
| Jun 29, 2022 | Listed by Century 21 Rauh & Johns | $170,000 | |
| Listed by Century 21 Rauh & Johns | |||
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About Gloucester
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Century 21 Rauh & Johns
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJGL2017052
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017