1111 CANON WAY
About This Property
Situated on nearly a half acre with a private rear yard, the home showcases a partial brick front, covered front porch, 2 car garage, and a generous parking pad providing additional space for guests. A durable 30-year architectural shingle roof adds peace of mind, while the maintenance-free rear deck overlooks the fully fenced backyard with a storage shed, a perfect setting for relaxing or entertaining. The primary bedroom and bath feature serene views of the Catoctin Mountains. Neighbors gather at the common area to enjoy the yearly 4th of July fireworks, and the home also includes modern conveniences such as Ring cameras and electric door locks. Inside, the main level features an open floor plan with 9 ft ceilings and stylish LVP flooring. The gorgeous, recently renovated kitchen serves as the centerpiece of the home with a large island, quartz countertops/ backsplash, and beautiful Summit Grey and White cabinets, stainless steel appliances, Pottery Barn light fixtures, and a built-in buffet with additional storage. The kitchen overlooks a bright family room filled with natural light. Many rooms throughout the home have been freshly painted. Upstairs, the primary bedroom provides a peaceful retreat with mountain views and a fully renovated primary bathroom completed at the end of 2025, featuring a dual vanity, soaking tub, and walk-in shower. The upper-level hall bathroom was also fully renovated in 2025 and serves three additional bedrooms. Brand new carpet installed in 2026 adds comfort throughout the upper level. The finished lower level expands the home's versatility with a cozy living room and a fifth bedroom or study with a closet and window, ideal for guests or a home office, along with a utility room for additional storage. Lifestyle highlights include walking to the AG Center and Farm Museum, a scenic trail around a nearby pond, and being just minutes from downtown Westminster with its restaurants, boutiques, festivals, and community events. Nearby schools offer convenient bus stop pick up and drop off at the end of the cul-de-sac. Shopping, dining, and everyday conveniences are also close by along Baltimore Blvd, offering a perfect blend of privacy, community, and convenience. Be among the first to tour this impeccably maintained, move-in ready home.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017