464 BROWNING LN
About This Property
Welcome to this stunning custom home situated on 1.5 acres in desirable Cherry Hill! You will enter the property through the partially covered circular drive. The entire home has been freshly painted. The foyer leads you into the open and flexible floor plan with beautiful hardwood floors. At the far end of the room is the entrance to a fabulous terrace that runs the entire rear of the home. The primary bedroom with a full bath and the second bedroom with a full bath are located on the main level as well as a third full bath. The island kitchen has been newly updated with new granite countertops and ceramic tile backsplash, a brand new dishwasher, range and microwave, an undermount sink, and a newer refrigerator. The kitchen is open to the impressive room currently used as the dining room with a vaulted ceiling and gas fireplace. Hardwood floors continue through the upstairs and two additional bedrooms with plenty of closet space and a full bath. This home also features a full basement and a two-car garage.
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2023 | Sold | ||
| Sold | |||
| Mar 22, 2023 | In contract | - | |
| In contract | |||
| Mar 16, 2023 | Listed by BHHS Fox & Roach-Cherry Hill | $575,000 | |
| Listed by BHHS Fox & Roach-Cherry Hill | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017