47 ORCHARD AVE
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2015 | Sold | ||
| Sold | |||
| May 4, 2015 | Listed by Coldwell Banker Hearthside | $309,000 | |
| Listed by Coldwell Banker Hearthside | |||
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Tucked away at the end of a quiet street sits this beautifully updated ranch home surrounded by mature trees and landscaping. The welcoming living room has a large picture window drawing in natural light and providing views of the lush front yard. The living room is open to the updated kitchen highlighted with granite counter tops, tumbled marble back splash, 40 inch maple cabinets and stainless steel appliances. There is a powder room just off the kitchen and a door leading to the side yard.The bright and cheery dining room has sliding doors to the expansive back yard, perfect for entertaining! Warm hardwood floors carry you through the home and lead to the 3 bedrooms and updated hall bath with granite vanity and tiled tub/shower with glass door. A large family room adjacent to the kitchen and finished basement complete this wonderful home. Additional features include: new septic system (2013), new windows, new siding, new gutters, new 6 panel doors throughout. Close proximity to Pennington Borough, shopping and major roadways making communizing a breeze.
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| Sep 9, 2013 | Sold | ||
| Sold | |||
| Jul 5, 2013 | Listed by Weidel Realtors-Pennington | $220,000 | |
| Listed by Weidel Realtors-Pennington | |||
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About Mercer
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017