14805 WILLOUGHBY RD
About This Property
The property is basically flat with a 4 foot gradual slope from front to back. It has approximately 222 feet of frontage on Willoughby Road which is maintained by Prince Georges County.
The lot was successfully PERC tested for a septic system in March of 2023. The property is ready for construction and requires standard PG County design approvals for a house, septic system and well. Contractors who do this work are available upon request.
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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