15078 FREDERICK RD
About This Property
The open floor plan layout is much sought. Plenty of room for an office on the main, upper or lower level. Newly finished lower level has new carpet, paint and a tiled entryway from the Lower level to the hardscaped courtyard and side yard. The finished lower level has a game room, family room, a very large bedroom and large full bath with a working sauna. Don't fancy a sauna? This cedar lined space could easily be converted into a gorgeous walk in closet! The lower level with walk out stairs could be used as an in law suite. The mostly wooded private lot has specialty perennials and shrubs purposely planted around the home including Elderberry and other lovely species planted in established beds.
Let's talk about the highly rated schools : Glenelg, Bushy Park, Glenwood. That box can be ticked off! Quick commuter time? Oh yes! Moments to Rte 70 and 25-45 minutes to major cities including Rockville, Baltimore, Columbia and Frederick. Professional Photos coming Saturday August 26th
Updates: 2023: Roof inspected by PJ's with minor work completed. Septic inspected and passed, new Septic Riser installed. New Radon Mitigation system installed. 2022: New HVAC, How Water Heater, Well Pump and whole house Water Treatment system including UV light. The whole home was fully painted top to bottom, new carpet and tiled floors added in 2023 with so many other renovations completed.
Sellers will review offers as they come in.
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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