507 BIRCH AVE
About This Property
Downstairs, the lower level presents exciting and endless opportunities, including the potential for an in-law suite or additional living space. A convenient one-car garage provides shelter for your vehicle and/or belongings, while an additional living room and storage room offer versatility and functionality.
The possibilities for this home are endless, both inside and out. The expansive backyard offers a canvas for your landscaping dreams or potential expansion projects. Whether you envision a lush garden oasis or a play haven for children and pets, there's plenty of space to bring your vision to life. With its versatile layout and prime location, this home is ready for you to make it yours!
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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 |
|---|---|---|---|
| Jun 24, 2024 | Sold | ||
| Sold | |||
| Apr 12, 2024 | In contract | - | |
| In contract | |||
| Apr 6, 2024 | Listed by RE/MAX Of Cherry Hill | $299,900 | |
| Listed by RE/MAX Of Cherry Hill | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017