653 CORNWALLIS DR
About This Property
From the moment your pull up to the property, you will see this home is "special". You will first notice the brick walkway, carefully manicured lawn, and shrubbery.....then the replaced siding. This is just a precursor of what's to come. As your tour the main level, you will be WOWED by the kitchen. BRAND NEW! Totally redone, granite countertops /subway ceramic backsplash and custom cabinetry, and full stainless steel appliance package. To the left of the kitchen is a step-down family room, freshly painted and accented with hardwood floors, a beamed ceiling, and a wood-burning fireplace. The opposite side kitchen is a traditional dining and living room ( hardwood floors and freshly painted). Yes, the powder room has been upgraded. The laundry area is housed on this level( washer/dryer) included. The 2nd floor is equally as impressive. The main suite offers a private bath ( new vanity -double sink) and a walk-in closet. Additionally, on this level are 3 other good-sized bedrooms and a beautifully redone hall bath. There are hardwood floors throughout the 2nd level. All windows have been replaced. There is a full basement, just waiting to be finished off. Now to the backyard.... starting with the privacy of the location to the fully fenced yard, custom hardscape (extended brick patio ), and colorful flower beds.......just a few additional features as to why this home is special !!
Don't forget the convenience of the location, access to major roadways, shopping, and casual and fine dining. Lastly, and very important, the "Mt Laurel school system" rated one best in all of Southern New Jersey.
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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 |
|---|---|---|---|
| Aug 19, 2021 | Sold | ||
| Sold | |||
| Jul 19, 2021 | Listed by Compass New Jersey, LLC | $430,000 | |
| Listed by Compass New Jersey, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017