903 LOWER FERRY ROAD
About This Property
See this inviting ranch-style home. Kitchen features recessed lighting, an abundance of cabinets and a cozy breakfast bar for casual dining. The formal dining room boasts a great place for entertaining and the sliding glass doors allow you to view the outdoors in all seasons. Off the kitchen is the living room which leads to the hallway where the two bedrooms are located and the beautifully renovated full bath. Unleash your creativity in the expansive full basement, providing endless possibilities for a recreation room, home gym or additional living space. The two-car garage can be conveniently accessed from inside the home and it provides a secure spot for your vehicles. An added bonus is the roomy shed attached to the garage. In addition is the private deck where you can savor a peaceful morning coffee or relax with friends. The home is being sold strictly AS IS. The seller has the township Certificate of Occupancy list of repairs but will make no repairs for this or any other inspections.
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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 |
|---|---|---|---|
| Feb 12, 2024 | Sold | ||
| Sold | |||
| Dec 26, 2023 | In contract | - | |
| In contract | |||
| Dec 8, 2023 | Listed by Keller Williams Real Estate - Princeton | $235,000 | |
| Listed by Keller Williams Real Estate - Princeton | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017