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16011 JERALD ROAD
About This Property
Inside, the home has been thoughtfully cared for and updated over the years. All three bathrooms were fully remodeled in 2012, taken down to the studs with updated plumbing, modern finishes, and an expanded primary bath for improved comfort and functionality. The kitchen was fully updated in 2018 with refreshed cabinetry, appliances, added insulation, and improved finishes, creating a functional and inviting space. Wood flooring runs throughout the upstairs level, adding warmth and character.
Major system updates provide added peace of mind, including a new electrical panel with heavy-up completed in 2012, a tankless water heater installed the same year, and a furnace replaced in 2018. The roof, approximately 8 years old, features architectural shingles with a 30-year lifespan. Most windows have been replaced with energy-efficient, dual-pane argon-filled glass in 2004.
Enjoy outdoor living in the fully fenced backyard complete with a patio that's perfect for relaxing or entertaining. This home is located in a desirable Laurel community offering exclusive access to membership at the West Laurel Swim Club Pool, as well as a community center available for private rentals and hosting events throughout the year, including large object recycling and shredding events. Residents also enjoy nearby walking paths, basketball courts, soccer fields, and baseball fields managed by Maryland Parks and Recreation. Community members can also join the West Laurel Civic Association if they wish. They publish a quarterly newsletter that is very informative and sent to every resident along with various community events throughout the year.
Ideally located with easy access to major commuter routes and public transit, as well as nearby shops, restaurants, schools, and parks, this home offers comfort, convenience, and community amenities. A solid home with valuable updates and move-in ready appeal-don't miss this opportunity!
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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%.
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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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About West Laurel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017