3050 MIMON RD
About This Property
The second floor of this home has four bedrooms and a beautiful primary suite. The fourth bedroom is a swing room. The current owners have made it into a walk in closet, but can easily be converted to a fourth bedroom. As an extra bonus, at the end of the hall is an oversized cedar closet. The basement was transformed to include an extra bonus bedroom for guests. The owners created a complete entertaining area with a cozy fireplace and a surround sound audio system.
Is there more?? Yes! Need a home for your boat too? Wethridge Estates offers a boat dock with slips available, kayaking, fishing swimming and a large community lot that can be used for family picnics and community events. This property is located minutes from Annapolis, and an easy commute to Baltimore, DC and all of the major airports. Welcome Home!!! Simply the best!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017