Popular Elkridge floor plan offering a versatile layout, spacious
living areas, and 1,720 square feet under heat and air. This
concrete block and stucco home is uniquely configured with 2
bedrooms, 2 baths, plus a flex room that offers the potential to
easily function as a third bedroom, home office, den, or hobby
space. The flex room is conveniently situated just off the family
room and features French doors for added privacy. A third-bedroom
configuration was an available option when this home was originally
built, making this space especially adaptable to your needs. Step
inside to a spacious, open floor plan with no carpet throughout.
Beautiful engineered hardwood flooring enhances the primary living
areas, while tile flooring provides easy maintenance in the wet
areas. The open design creates an inviting flow between the main
living and entertaining spaces. At the heart of the home, the open
kitchen features a breakfast bar for casual meals and conversation,
along with a separate dining area for everyday dining. For larger
gatherings and special occasions, the home also offers a formal
dining space, providing plenty of options for entertaining family
and friends. The spacious primary bedroom features plantation
shutters, adding both style and privacy. An inside laundry room
provides everyday convenience and keeps household tasks neatly
tucked away. Extend your living space onto the enclosed lanai with
tile flooring, ideal for relaxing, entertaining, or simply enjoying
the Florida lifestyle. Additional features include an HVAC system
replaced in 2019, an extended garage offering valuable additional
space, and pull-down attic stairs in the garage for convenient
access to extra storage. With its popular floor plan, flexible
living spaces, multiple dining areas, low-maintenance flooring,
extended garage, and inviting open design, this Elkridge offers an
excellent opportunity at a great price. Don't miss the chance to
make this versatile home your own!
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.
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