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11823 CLEARVIEW ROAD
About This Property
This move-in ready home is close to shopping, restaurants, malls, Meritus Hospital and Med Center, and Rt 40's "Golden Mile" in Frederick is just a mere 22 mile drive.
In addition to the 2 car attached garage, there's plenty of parking for 5+ cars on the paved driveway as well as area for a boat and RV.
Recent updates include new wall-to-wall carpeting throughout, new attic insulation end-to-end, and new windows that provide ample of natural light.
The spacious Master bed with bath speaks "sanctuary" and has plenty of sitting room and vanity dressing area.
2 sunrooms provide a peaceful view of an outsized, secluded backyard paradise encased by mature evergreens. Sunroom off the family room opens up onto a large patio perfect for outdoor living, relaxation, and entertaining; patio includes a raised 6-8 person Jacuzzi with Trek decking and wiring for outdoor speakers.
Kitchen was remodeled w/new cabinetry and flooring 2005.
The attic provides an incredible amount of storage space that spans the entire length of house, is walkable with approx. 8 ft ceiling clearance, and has a fan/ventilation system for summertime cooling.
House is unfurnished even though pictures still show them. Listing information provided by seller - buyer to validate accuracy.
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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.
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About Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017