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2420 NICOL CIRCLE
About This Property
Beautiful 5 bedroom, 3.5 bathroom, two-car garage, brick front colonial with a full fully finished basement boasts over 3,788 sq. ft. of living space in an open floor plan. Upon your entry into the home, you walk into a spacious two-story foyer with a massive Palladian window. Gleaming hardwood floors throughout leads you in whatever direction you choose to go. Whether it be the separated formal living and dining areas to the sides or straight ahead to the grand two-story family room off the Gourmet kitchen. The Gourmet kitchen comes with huge 42" cabinets with ample space, the perfect color contrast of granite countertops that flow with the whole color scheme, a kitchen island, double wall ovens, a built-in microwave, a dishwasher, recessed lighting, and more. Adjacent to the kitchen is a huge morning room addition with plenty of windows providing a surplus amount of lighting throughout the kitchen area. The second level provides a catwalk overlooking the two-story family room and leads to four of the home's bedrooms. A massive Owner's suite that offers vaulted ceilings with a sitting area, an Owner's suite bathroom, separate his and hers walk-in closets, his and hers sinks, a two-person soaking tub, a separate shower stall and all. This home also comes with a full, fully finished basement good for relaxation or entertaining. There you will also find the huge fifth bedroom, a full bathroom, and plenty of storage space.
And in regards to the location being key in buying a home, this lovely home offers very close proximity to everything. The convenience of three different shopping plazas in any direction you go, some with restaurants. The newly constructed and opened University of Maryland Capital Regional Medical Center facility, very quick and easy access to get on beltways I-495 and Rt. 50 providing for just a few minutes of commute to DC, MD, or VA. Next to the Medical Center is Largo Town Center Metro, providing the option of also using Metro bus transportation routes if preferred, and much more.
It is a home that won't disappoint.
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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%.
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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 Prince George's
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$3,750 /mo
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$1,700 /mo
- 1 Bed
- 1 Bath
- 840 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017