1816 RAINBOW DRIVE
About This Property
Upstairs, you'll find a generous primary bedroom with walk-in closet, three additional bedrooms, a hall bathroom, and ample storage with linen and medicine closets-all with beautiful hardwood flooring.
The lower level offers flexible living space with a large recreation room, bonus room currently used as a gym and craft room, an updated half bath, and a utility/storage room.
Enjoy peace of mind with recent upgrades including high-efficiency windows, new roof (2020), siding (2021), HVAC (2021), and patio (2020). The fully fenced backyard and additional attic storage in the garage add even more value.
Ideally located near Burtonsville Town Square, Good Hope Community Center, Cloverly shops and restaurants, and major routes including ICC, I-95, and BWI Airport-this home truly has it all!
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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