16522 HARBOUR TOWN DRIVE
About This Property
Upstairs, the generous primary suite includes a private sitting area, an ensuite bath with dual vanities, a separate tub and shower, and an oversized walk-in closet. A second bedroom features its own private bath, while two additional bedrooms share another full bath.
Enjoy outdoor living on the recently built rear deck, featuring state-of-the-art landscaping and a patio, while a two-car side-loading garage and solar panels complete the home. The lower level offers a large, open, unfinished area and ample storage space.
Hampshire Greens is a golf community in Montgomery County, Maryland. Built between the 1990s and 2001, the community consists of 286 single-family homes set atop large, private lots of half an acre or more. Most homes are adjacent to the golf course's fairways and greens, with the serious golfer in mind. The community also includes amenities such as tennis and pickleball courts, brand-new playgrounds, and picnic areas for its residents. The community offers easy access to DC, Baltimore, Virginia, and Frederick, with a short drive to the area's three main airports.
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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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About Cloverly
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017