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21010 DELTA DRIVE
About This Property
Major site fundamentals are already in place, including electricity, a concrete driveway, a 2-car garage, functioning well, and an inspected, functioning septic system. Seller also reports the roof shingles were replaced with architectural shingles, with plywood replaced where necessary. The lot offers a premium outdoor setting with mature chestnut trees, blueberry bushes, and a black walnut tree, creating privacy, established landscaping, and edible-garden appeal that would be costly and time-consuming to replicate.
Located in an RE-2 area known for large-lot residential character, this property offers strong appeal for a high-end renovation, custom hold, or strategic value-add play. Buyers to perform their own due diligence regarding zoning, accessory structures, future use, permits, and all development considerations. Excellent opportunity for serious cash buyers seeking space, infrastructure, and upside in Montgomery County.
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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 Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017