3340 FLORENCE ROAD
About This Property
There is a grand deck leading to an above ground pool that has been regularly utilized in summer months and has a new pump.
For the horse or livestock enthusiast, the center aisle 8 stall barn smartly leads to multiple fenced paddocks enhanced by (4) run in sheds. The all weather @ 100' X 150' arena allows for training while thousands of acres of Patuxent State Park trails are less than a mile away. There is ample paved area for vehicle and trailer parking.
CURRENT 2.5% VA MORTGAGE CAN BE ASSUMED WITH VA APPROVAL. Ask Tracy for more info.
Live the country life that you have been dreaming of while truly minutes to shopping, restaurants and more. Top Rated Howard County School system as well.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017