113 CONTINENTAL DR
About This Property
Seller has an assumable VA loan available at 5.625%, with a monthly payment of $2357!! See document in disclosures for details! Welcome to this stunning 4-bedroom, 2.5-bathroom colonial home in the charming community of Elkton, MD! Nestled on a lot that backs to trees, this property offers privacy and serene natural views. As you step inside, you'll be greeted by beautiful brand new hardwood floors that flow throughout the main level, including a spacious living room, an upgraded kitchen with luxury countertops, freshly painted cabinets, and stainless steel appliances, a separate dining area, and a cozy family room complete with a fireplace-perfect for gathering with loved ones. The main level also features a convenient half bath. Upstairs, you'll find 4 generously sized bedrooms, including a primary suite, along with two full bathrooms. The finished basement provides additional living space and ample storage. Step outside to enjoy the expansive backyard from the deck, where you'll appreciate the quiet beauty of backing to trees. The two-car garage offers interior access for added convenience. There is also an air hockey table, fire pit, and grill that can be included if you want them. This home is a true gem-don't miss your opportunity to make it yours!
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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