8 Colgate Drive
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 23, 2022 | Sold | ||
| Sold | |||
| Feb 11, 2022 | No longer available | - | |
| No longer available | |||
| Feb 1, 2022 | Listed by RE/MAX FIRST CHOICE REALTORS II | $689,900 | |
| Listed by RE/MAX FIRST CHOICE REALTORS II | |||
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Come fall in love with this beautiful newer 3 floor, 3 bedroom townhouse (Pinehurst model) conveniently located in the greater Morristown area! convenient to EVERYTHING! Enjoy short, 5 minute drive to apex of the area's best restaurants, shopping, arts, culture and outdoor recreation. Short walk to grocery stores and Mennen arena, and soon the brand new Morris Marketplace strip mall conveniently located right in front of The Collection. White maple shaker cabinets, granite countertops, motion activated undermount cabinet lights. Newer appliances, hardwood floors throughout the main floor, oak stairs, master bath spa package. Hardwood floors throughout main floor and stairs to bedroom level. Washer/dryer on 3rd level with bedrooms. Builder's warranty transferable to next buyer! Tax abatement on this home for possible lower payments! This is an amazing opportunity in the highly desirable Morristown area you wont want to miss!! MATTERPORT 3D TOUR AVAILABLE!!!! The manager has listed the unit size as 2210 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017