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19214 CHIPPENDALE CIRCLE
About This Property
windows, doors, kitchen, baths, LVP flooring and HVAC; water heater replaced in 2024. Spacious fully fenced backyard, 16' x
32' deck and oversized 2-car garage. 9' ceilings on the first floor and vaulted ceiling in the master bedroom. All kitchen appliances, washer & dryer, 12' x 24' shed and deck furniture convey. Unfinished basement offers excellent storage, plumbing rough-in for a future bath and an existing radon mitigation system.
Outside city limits yet minutes from Hagerstown, shopping and Meritus medical centers.
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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 Paramount-Long Meadow
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017