1511 W 8TH STREET
About This Property
Welcome to this beautifully maintained 3-bedroom, 2-bath home, ideally situated just off Route 15 - an unbeatable location for commuters! Step inside to find a bright and inviting layout with a versatile bonus room off the kitchen, perfect for a home office, playroom, or creative space-whatever your imagination desires.
The exterior offers exceptional functionality with two attached storage areas, two additional sheds, and a pull-down attic in the carport for even more storage options. The fenced yard provides a private outdoor retreat, great for gardening, relaxing, or entertaining.
This home qualifies for the Frederick County Homebuyer Assistance Program (HAP)-a fantastic opportunity for first-time homebuyers to make homeownership more affordable.
Don't miss this move-in-ready gem that combines comfort, convenience, and value in one great package!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017