602 WELLFLEET ROAD
About This Property
The family room showcases an exposed brick accent wall, fireplace, and recessed lighting, adding both character and comfort. A door leads directly to the private, spacious backyard, ideal for outdoor entertaining or quiet relaxation. The backyard borders a pastoral wooded estate. The eat-in kitchen offers plenty of room for casual dining, complete with a 2024 model stainless steel gas range and dishwasher along with a spacious pantry. Off of the kitchen, you will find both a powder room and a spacious mudroom/laundry room featuring a washer and dryer, utility sink, full sized standup freezer, storage, and another door that opens to the backyard.
Upstairs, the primary bedroom includes a walk-in closet, an ensuite bathroom with a stall shower. The second full bath features a tub and double vanity, accessible from both the hallway and one of the bedrooms-convenient for family or guests. Additional highlights include an attached two-car garage, full cedar closet, large lot, and a freshly painted basement ready for your personal touch. This home is perfectly located less than a half mile from Pheasant Run Swim Club and Moorestown. Sellers are the original owners.
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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 |
|---|---|---|---|
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Oct 27, 2025 | In contract | - | |
| In contract | |||
| Oct 10, 2025 | Listed by Compass New Jersey, LLC - Moorestown | $525,000 | |
| Listed by Compass New Jersey, LLC - Moorestown | |||
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017