902 Burns Drive
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 |
|---|---|---|---|
| May 12, 2024 | No longer available | - | |
| No longer available | |||
| Apr 11, 2024 | In contract | - | |
| In contract | |||
| Apr 7, 2024 | Listed by SOUTHBOUND REAL ESTATE | $199,000 | |
| Listed by SOUTHBOUND REAL ESTATE | |||
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This charming brick ranch features 3 bedrooms and 1.5 baths, having undergone recent renovations. The home boasts an open-plan kitchen and living room, complete with a full walk-out basement. It's an ideal starter home, complemented by a back patio and situated in a peaceful neighborhood, conveniently close to shopping and schools in Morristown. The manager has listed the unit size as 2100 square feet.
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| Oct 26, 2012 | Sold | ||
| Sold | |||
| Oct 2, 2012 | Listed by ReMax Preferred Properties, In | $39,900 | |
| Listed by ReMax Preferred Properties, In | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017