11318 RUM SPRINGS
About This Property
With loads of luxury appointments including white shaker cabinets high end quartz counters, farmhouse sink, luxury 5pc appliance package, 7" luxury plank vinyl, high end ceramic tile, black hardware, custom time accents throughout, shack siding, stone column bases and loads of exterior craftsman details this home is a must see. This home is technically 3 bedrooms per Frederick County health department guidelines. The home has a room on the 2nd floor and in the basement that could be converted or used as a 4th and 5th bedroom depending on the buyer's needs.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2024 | Sold | ||
| Sold | |||
| Apr 11, 2024 | In contract | - | |
| In contract | |||
| Apr 4, 2024 | Listed by Long & Foster Real Estate, Inc. | $864,900 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017