11906 PROGRESS LN
About This Property
This four level home is perfectly designed for one level living with primary suite, kitchen and laundry all on the main level. The primary bedroom suite includes a large bedroom with a deck, overlooking the serene pond, and an en suite bathroom with soaking jetted tub and dual vanities. The kitchen with dual ovens, 5 burner gas stove and solid maple cabinets is a cook's dream. The formal dining room, with chair rail and crown molding, off of the kitchen makes for great gathering space. A living area has views out of the front of the property. A large family room has views of the backyard and also a wood-burning fireplace that makes for wonderful times by the fire. The laundry area with a utility sink is located off of the kitchen and has extra storage space. The half bathroom is located near the laundry area. A convenient exterior side entrance has a mudroom that is adjacent to the laundry area. A wraparound porch that continues into a large screen porch that is perfect for crab feasts and cookouts.
The third level has four bedrooms and two full bathrooms. And an office area with built-in bookshelves makes for a great private space for studying or office calls. On the top level there is a bedroom and good sized storage in the unfinished attic space. The lower level is enormous and is a blank slate for the new owners imagination. Designed to be finished into an in-law / apartment. The lower level has a rear door, bay window, two sliding doors and lots of windows which is wonderful for natural light. There is a rough-in for a bathroom and areas that can be made in to a kitchen and living areas. A second utility sink in the basement is convenient for cleaning up after projects.
The stunning yard is an amazing oasis of tranquility, with remarkable flora and fauna and has so many features. From the serene Koi pond to a full size grass volleyball court to the firepit and gardening area, this property has room for lots of activities and interests. Sitting on an acre of land, the mature landscaping and many flower beds make this property a visual feast year round. The pond, complete with koi and sitting areas make for wonderful moments of reflection.
Acton Park is a wonderful community of houses with spacious lots and unique home designs. Within walking distance is Forested LLC, which welcomes folks to stroll through their wonderful Gardens or partake in their twice a year forest feasts - all harvested from their gardens.
Only a 15 minute drive to the New Carrollton Metro Station, 30 minutes to BWI/Thurgood Marshall airport, and 10 minutes to Rt. 50 with access to Baltimore and Annapolis, 11906 Progress Lane is a wonderful place to call home! Click on the Movie Camera Icon for an interactive floor plan!
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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