8 TOWER PL
About This Property
The expansive, fenced-in yard offers ample space for outdoor activities, gardening, or simply relaxing in your own private oasis. The main floor laundry room adds to the convenience of daily living and leads directly into a spacious one-car garage.
This home comes with several valuable updates, including a brand-new roof installed in 2021, all windows replaced in 2014, and a new hot water heater from 2022. While the property is being sold "AS IS," these recent improvements ensure that many of the key features of the home have been well-maintained. With its sunny interiors, welcoming front porch, and strong foundational updates, this home is ready to offer its next owners a wonderful space to create lasting memories. Don't miss out on making this bright and inviting home your own!
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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 |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Aug 21, 2024 | In contract | - | |
| In contract | |||
| Aug 12, 2024 | Listed by Keller Williams Real Estate - Princeton | $425,000 | |
| Listed by Keller Williams Real Estate - Princeton | |||
| Jul 31, 2014 | Sold | ||
| Sold | |||
| Jun 1, 2014 | Listed by BHHS Fox & Roach - Princeton | $264,900 | |
| Listed by BHHS Fox & Roach - Princeton | |||
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About Mercer
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017