8 Merion Ave
About This Property
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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 |
|---|---|---|---|
| Jun 15, 2024 | No longer available | - | |
| No longer available | |||
| Jun 6, 2024 | Listed by Keller Williams Realty Atlantic Shore | $389,000 | |
| Listed by Keller Williams Realty Atlantic Shore | |||
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Cozy and inviting describes this well kept 2-bedroom home. Key updates include a recent house and garage roof replacement (5 yo), sanded floor, newer HVAC (2 yo) and new laundry unit (1 yo). Hardwood floors throughout the house, tiled bath, eat-in kitchen and bonus sunroom for extra living space! Heater and AC in sunroom. Spacious, fenced, backyard. Friendly neighborhood, a stone throw away from the Garden State Parkway, transportation hubs, schools, shopping and just a few minutes to the beach. Perfect starter home or great for downsizing. One of the few homes in this section of Somers Point with a garage. Call today for a showing!
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| Apr 5, 2019 | Sold | ||
| Sold | |||
| Feb 26, 2019 | Listed by Keller Williams Realty Ocean Living | $174,000 | |
| Listed by Keller Williams Realty Ocean Living | |||
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Cozy and inviting describes this well-kept 2-bedroom home. Freshly painted, replacement windows, and spacious, fenced, backyard. Eat in kitchen and bonus Florida room for extra living space. Perfect for entertaining! Friendly neighborhood, a stone throw away from the Garden State Parkway, transportation hubs, schools, shopping and just a few minutes to the beach. Perfect starter home or great for downsizing. One of the few homes in this section of Somers Point with a detached garage. Call today for a showing.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017