248 WYNGATE DRIVE
About This Property
The unfinished basement offers endless possibilities-whether you envision a recreation room, workshop, or additional storage. Step outside to a large, flat backyard-ideal for entertaining, gardening, or simply relaxing in a private setting. Ideally located near major commuting routes, downtown Frederick, Baker Park, and shopping, this home offers both comfort and convenience. Solidly built with timeless all-brick construction, this rancher is ready for its next chapter. Don't miss the opportunity to make it your own!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 22, 2025 | Sold | ||
| Sold | |||
| Sep 16, 2025 | In contract | - | |
| In contract | |||
| Sep 10, 2025 | Listed by Charis Realty Group | $489,900 | |
| Listed by Charis Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017