21410 EMERALD DRIVE
About This Property
The spacious owner's suite offers a large sitting area, vaulted ceilings, and an updated en-suite bathroom, creating a comfortable private retreat. Additional highlights include hardwood flooring throughout the main and upper levels, adding warmth and sophistication throughout the home. Major system updates include HVAC (2023), windows replaced, and a roof replaced in 2019 with architectural shingles, providing peace of mind for years to come. The home also includes a high-efficiency washer and dryer, a finished basement offering additional living space, a two-car garage, and a large backyard perfect for relaxing, entertaining, or outdoor activities.
Modern smart-home upgrades enhance both comfort and convenience, including a Nest smart thermostat with temperature sensors and smart light switches throughout the home, all equipped with remote app-controlled functionality.
Milestone is a well-established Germantown community known for its walking paths, green spaces, and recreational amenities, including a community pool, tennis and basketball courts, playgrounds, and access to the Germantown Greenway Trail. The neighborhood is conveniently located just minutes from Milestone Shopping Center, featuring Target, Home Depot, dining, and everyday conveniences. It is also a short drive to Wegmans, additional retail, and major commuter routes including I-270, Route 355, and the MARC train, making commuting throughout the region easy and convenient.
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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 Germantown
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017