3615 EDMOND WAY
About This Property
The home boasts 4 bedrooms, 3 full baths, 1 half bath. The primary level offers an open floor plan with hardwood flooring throughout invites entertaining with it's spacious living room and separate dining area leading to the outdoor deck and nice-sized back yard. The kitchen features a breakfast bar, ample cabinet space and stainless appliances. The upper level welcomes you with a huge master bedroom with en-suite bath. Bedrooms 2 and 3 offers tremendous space, plus a guest bath conveniently located for all. The laundry is alos on this level.
The lower level offers a recreational family room, te 4th bedroom and another full bath. Not to mention this property is minutes to Bowie Town Center - featuring many restaurants, retail stores and entertainment. Easy access to Routes 301 and 50. It is a must see!
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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