720 W 3RD AVE
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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 |
|---|---|---|---|
| Oct 29, 2021 | Sold | ||
| Sold | |||
| Sep 20, 2021 | Listed by RE/MAX ONE Realty-Moorestown | $229,900 | |
| Listed by RE/MAX ONE Realty-Moorestown | |||
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Surprisingly spacious! Fall in love with this well maintained 3 bedroom ranch home in desirable Runnemede Gardens. The cute front porch, pretty landscaping and decorative leaded glass thermal front door create great curb appeal. Enter into the living room which has fresh paint, an Andersen bay window and is open to the spacious dining room. All three bedrooms are generously sized and the master bedroom easily accommodates a king-sized bed! Enjoy the many updated features of this beautiful home including newer kitchen appliances (frig 2020, DW 2017), updated bathroom with linen closet, exposed hardwood floors, HVAC 2014, HWH 2018, 200 AMP electrical panel 2013, washer and dryer 2013, plus a utility tub, pull-down attic staircase, vinyl siding, dimensional shingle roof and fenced back yard. The partially finished basement has a huge family room 28' x 13' with gas fireplace. Perfect for entertaining family and friends! Also check out the newly renovated office space 12' x 9' with walk-in closet. Unfinished area houses the laundry, mechanicals, storage space, sump pump and more. Waterproofing and structural reinforcement work is complete 2020. Back yard is fenced, features a large patio area, gardens and has a Koi Pond. Detached one-car garage measures 23' x 13' and is perfect for a work shop, extra storage or for parking your car! Great little neighborhood conveniently located close to both an elementary school and middle school. Spend your free time exploring Runnemede Lake Park or Green Acres Park nearby. Close to shopping, restaurants, medical centers, Gloucester Outlets and an easy drive to Rowan University, AC or Philly.
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| Apr 19, 2013 | Sold | ||
| Sold | |||
| Oct 8, 2012 | Listed by BHHS Fox & Roach - Haddonfield | $173,900 | |
| Listed by BHHS Fox & Roach - Haddonfield | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017