525 HANOVER AVENUE
About This Property
Major improvements include a newer roof, a high-efficiency HVAC system, and all windows replaced (excluding the kitchen and sliding glass door). Energy efficiency is enhanced with added insulation in the attic and storage areas, an attic fan, and newly installed insulated garage doors and shutters.
The kitchen is a chef's delight with newer stainless steel appliances including a cooktop, double oven, refrigerator, all replaced in recent years for modern convenience. The breakfast nook opens up to the spacious step down family room with fireplace and sliding door. A lovely patio and manicured backyard provide a great space for outdoor entertaining.
This move-in-ready home combines comfort, functionality, and style, making it a standout in a sought-after neighborhood. Don't miss your chance to own this Cherry Hill gem-schedule your private tour today!
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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 |
|---|---|---|---|
| Sep 23, 2025 | Sold | ||
| Sold | |||
| Aug 21, 2025 | In contract | - | |
| In contract | |||
| Aug 15, 2025 | Relisted | $499,900 | |
| Relisted | |||
| Aug 11, 2025 | In contract | - | |
| In contract | |||
| Aug 1, 2025 | Price Decreased |
$499,900
↓ $20K
(3.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017