12506 ROCKLEDGE DRIVE
About This Property
Completely renovated within the last 5 years, this spacious 5-bedroom, 2-bath Cape Cod offers modern living with classic charm. The home features a stylish kitchen with stainless steel appliances, granite countertops, and white shaker cabinets. The main level boasts ceramic tile floors, while the upper level has hardwoods throughout. A converted garage provides additional finished living space, perfect for a family room or office. Enjoy outdoor entertaining on the covered back patio with a long driveway for plenty of parking.
Conveniently located in Bowie, MD, just minutes from shopping, major commuter routes, and Bowie State University.
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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 |
|---|---|---|---|
| Nov 10, 2025 | Sold | ||
| Sold | |||
| Oct 9, 2025 | In contract | - | |
| In contract | |||
| Oct 3, 2025 | Listed by Keller Williams Capital Properties | $450,000 | |
| Listed by Keller Williams Capital Properties | |||
| Jun 27, 2019 | Sold | ||
| Sold | |||
| May 20, 2019 | Listed by Keller Williams Capital Properties | $275,000 | |
| Listed by Keller Williams Capital Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017