10308 BELLS MILL TER
About This Property
Upon entering you will be greeted by a luminous foyer illuminated by natural light streaming in from the newer front door. To the left lies a generous living room, while the right leads to a dining room, perfect for your more formal entertaining. Overlooking the well-manicured backyard is the family room as well as the updated eat-in kitchen which are only separated by a half wall providing open concept living. The kitchen provides plenty of storage with spacious cabinets and a pantry closet. Completing this level is a laundry room and powder room.
Ascending to the upper level, you will find four bedrooms, each adorned with hardwood floors. The primary suite, boasting new recessed lighting, a relaxing sitting room (possible fifth bedroom), walk-in closet, is one of the highlights of this level. The ensuite bathroom features a large soaking tub, shower, and pedestal sink, while a vanity area outside the bathroom provides convenience for getting ready. The secondary bedrooms offer generous closet space and refreshing light from the large windows. Completing this level, is a fully renovated hall bathroom with a double vanity and shower/tub combination.
The fully finished, walk-out lower level is an entertainer's dream, featuring a wood burning fireplace, full bath, 5th bedroom and direct access to the backyard. The large, flat yard has plenty of room for outdoor activities and a nice patio for dining al fresco.
Located in an ideal spot for commuting, shopping, dining, and recreation, this home is just minutes away from I-495, Westfield Montgomery Mall, and Cabin John Regional Park. This home also boasts a one-car garage and newer windows throughout.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017