800 NECK RD
About This Property
Don't miss this charming 1,100 sq ft bungalow with lots of curb appeal in Burlington Township! Completely renovated down to the studs when the sellers purchased in 2002, lovingly maintained and many other updates made throughout the years. The newest updates include Anderson Doors, newer windows, newer Furnace/AC ( 5 years old and a SS liner was added to the chimney) and newly added Quartz Countertops. The main level feels open and airy with 9 foot ceilings, lots of natural light and vinyl flooring throughout. Featuring 2-bedrooms and 1 full bath with the primary bedroom having vaulted ceilings and a skylight. The full bathroom is complete with a shower/tub combo and a vanity with lots of built in storage and linen closet. The kitchen was updated with quartz countertops, a stainless steel sink, newly painted cabinetry and a breakfast bar. The basement is the full footprint of the house and is partially finished for additional living space and still maintains ample storage. A sizable deck and pergola with newer vinyl railings sits directly off of the kitchen and overlooks your large backyard ( 0.31 acre lot). An added bonus is the oversized 15x30 storage barn that offers endless possibilities! Beautifully landscaped, lots of parking on the asphalt driveway, excellent school district and conveniently located in Burlington Township- this one won't last!
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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 4, 2024 | Sold | ||
| Sold | |||
| May 2, 2024 | In contract | - | |
| In contract | |||
| Apr 25, 2024 | Listed by Smires & Associates | $295,000 | |
| Listed by Smires & Associates | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017