49
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1019 WALLACE ROAD
About This Property
As you step inside, you'll be greeted by a spacious main level that features a generous living room and a family room with recently installed hardwood floors, providing ample space for relaxation and entertainment. The large kitchen is a chef's dream, showcasing gorgeous granite countertops, top-of-the-line stainless steel appliances, a generous island, and a dining area with custom cabinetry for all your storage needs.
One of the many highlights of this home is the amazing screened-in porch, where you can unwind and enjoy the serene views of the fully fenced, luscious yard and landscaping. Additionally, the porch conveniently connects to the outside deck area, perfect for outdoor gatherings and barbecues.
The attached garage offers plenty of shelving, ensuring you have ample space to store all your belongings. In the lower level, you'll find a finished area with an exterior door, a laundry room, and additional storage space in the utility room, providing utmost convenience and functionality.
Situated in the water-oriented community of Arden on the Severn, this home is just a short distance from Beach 4, allowing you to indulge in beachside living and make the most of the waterfront lifestyle. The community also offers five beaches and three boat ramps, providing endless opportunities for boating, swimming, and outdoor recreation.
Don't miss out on this incredible opportunity to own a beautifully updated home in a sought-after community.
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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.
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About Herald Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017