62 SOMERSET DRIVE
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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%.
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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 |
|---|---|---|---|
| May 7, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Mar 25, 2025 | Relisted | $400,000 | |
| Relisted | |||
| Dec 18, 2024 | In contract | - | |
| In contract | |||
| Nov 29, 2024 | Listed | $400,000 | |
| Listed | |||
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Wow! Take a look at this gorgeous 4 bed 2.5 bathroom house in the Somerset development of Willingboro NJ. No expense was spared when completing this renovation. Out front the house has gorgeous curb appeal on a corner lot with a 2 car driveway. The inside of the house has been updated with modern baseboards, LVP flooring thought, updated light fixtures and 6 panel doors. The kitchen is gorgeous and features white cabinetry, stainless steel appliances, subway tile backsplash quartz countertops and also more than enough room for a kitchen table. The living room features gorgeous modern floor to ceiling tile fire place surround with an electric fireplace. In addition on the first floor there is a half bathroom, dining room and also a spacious 4th bedroom. Upstairs are 3 oversized bedrooms and 2 full bathrooms which have been updated with tile flooring, tile shower and tub walls and new fixtures. The main bedroom boasts a walk in closet as well and the owners bath. Outback there is a patio perfect for entertaining. This home is priced to sell so make your appointment today before the sign reads SOLD.
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017