58 BURNT HILL RD
About This Property
On the second floor, you will find the generously sized primary suite. The space offers excellent closet space, large windows providing tons of natural light, and room for oversized furniture. In addition to the main living spaces, this residence also includes a large two car garage and a bonus suite for guests, which could also be used as an office, that enjoys a four season sunroom with views of the grounds and a full private bathroom. As if the property's incredible character was not enough, the location of this home is truly unbeatable. The home is in close proximity to eclectic New Hope, PA and within walking distance of the lush Skillman Park, as well as convenient location within the award-winning Montgomery Township school district. With plenty of space to entertain and room to grow, don't wait to make this house your next home.
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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 6, 2022 | Sold | ||
| Sold | |||
| Nov 5, 2021 | Listed by Compass New Jersey, LLC | $525,000 | |
| Listed by Compass New Jersey, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017