12775 BARNETT DRIVE
About This Property
There is fee simple access to the lot over a shared driveway. The driveway maintenance agreement is spelled out on the plat. Please respect the neighbors privacy and don't drive back to the lot without showing permission. Conveniently located close to shopping, restaurants and commuter routes. This property feels remote, yet is close to everything. House/lot packages available with one of our preferred builders or bring your own builder.
The current proposed path of the Maryland Piedmont Reliability Project crosses the southeast corner of this lot. It is currently expected that MPRP will desire a right-of-way across the property. Buyer is responsible to perform due diligence as to what that might look like. Please consult the website for MPRP.
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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 |
|---|---|---|---|
| Oct 2, 2025 | Price Decreased |
$850,000
↓ $550K
(39.3%) | |
| Price Decreased | |||
| Sep 20, 2024 | Listed by Barry Weller Properties, LLC | $1,400,000 | |
| Listed by Barry Weller Properties, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017