10406 BETHEL RD
About This Property
Owners purchased this property in 1954 and lovingly maintained it ever since. This home features two bedrooms, each with gleaming hardwood floors and private bath, living room and dining room, also with hardwood floors, eat-in kitchen and cozy family room. Out front is an amazing wide front porch, perfect for relaxing and watching the world go by. Out back are numerous gardens, bursting with flowers and color. There are two sheds and an oversized one-car garage. This sale includes 3 parcels: 20-399570 (.333 AC), 20-399589 (.13 AC) and 20-399597 (.19 AC) for total .633 AC. A BAT septic system was installed in 2016 and has been regularly maintained. From the seller, a bit of history: The land on the left of the property by the shed was a trail leading to woods where the original Mountaindale picnic was held some 100 years ago. The lot is flat and very private. This fabulous property has a very rural feel, yet is just a short drive to downtown Frederick. There is no HOA and NO CITY TAX!
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 15, 2023 | Sold | ||
| Sold | |||
| May 7, 2023 | In contract | - | |
| In contract | |||
| May 2, 2023 | Listed by Catoctin Realty | $324,900 | |
| Listed by Catoctin Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017