1950 MIKES WAY
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 24, 2025 | Sold | ||
| Sold | |||
| Feb 1, 2025 | In contract | - | |
| In contract | |||
| Jan 27, 2025 | Listed by Long & Foster Real Estate, Inc. | $399,900 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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Discover serene living in this adorable 3-bedroom, 2-bathroom, one-level home, perfectly situated on a private, over-one-acre lot surrounded by lush nature. The property features a sparkling swimming pool and a pool house, ideal for entertaining or relaxing in your backyard oasis. With its single-level layout and inviting design, this home offers comfort and convenience in a tranquil setting.
Located in Owings, MD, you'll enjoy a peaceful, rural lifestyle while still having access to nearby conveniences. Owings is part of Calvert County, known for its excellent schools, picturesque parks, and a strong sense of community. Explore local farm markets, scenic trails, and the nearby Chesapeake Bay for boating and fishing adventures.
Commuters will appreciate the proximity to Washington, DC, just 30 miles away, making it easy to enjoy both the quiet charm of Owings and the vibrant city life of the nation’s capital. Experience the perfect balance of privacy, nature, and accessibility at 1950 Mikes Way.
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| Aug 26, 2021 | Sold | ||
| Sold | |||
| Jul 15, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017