501 JOHNSON PL
About This Property
When you enter the home, you will find a generous sized living room with an abundance of natural light. Off the living room is the eat-in kitchen with ample counter space and a dining area. From the kitchen you will be delighted with the expanded family room for extra living space and comfort. Completing the home are 3 spacious bedrooms with hardwood flooring and ceiling fans and a full bathroom.
This home also offers a full unfinished basement for additional storage or the potential for additional living space, and a washer and dryer for added convenience. Additional features include central A/C, newer vinyl flooring, hardwood floors and a private driveway with 2 additional parking spaces.
In the summer you can enjoy the beautiful deck and scenery. The enormous fenced-in backyard provides privacy and offers a wonderful outdoor space for relaxation or entertaining quests outdoors.
This home is conveniently located, with easy access to Route 30, Route 295, The New Jersey Turnpike, and local schools. Don't miss the opportunity to make this move-in ready and well-maintained property your new home. Schedule a showing today and experience the comfort and convenience this home has to offer!
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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 |
|---|---|---|---|
| Feb 16, 2024 | Sold | ||
| Sold | |||
| Jan 5, 2024 | In contract | - | |
| In contract | |||
| Dec 14, 2023 | Listed by Compass New Jersey, LLC - Moorestown | $315,000 | |
| Listed by Compass New Jersey, LLC - Moorestown | |||
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About Magnolia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017