39 PLEASANT ACRES DRIVE
About This Property
Located in the heart of Thurmont, just 20 minutes to downtown Frederick, fifteen minutes south of Gettysburg & fifty minutes from Baltimore & DC, Thurmont was voted in the Top 10 towns to live in Maryland in 2019 & has been in the top 10 safest cities in the state of Maryland for the last six years! Known as the "Gateway to the Mountains", you'll enjoy easy access to outdoor recreation, including hiking, fishing, mountain biking, and the Appalachian Trail just minutes away. The area is rich with local orchards and farm markets, adding to its small-town charm. This location delivers both convenience and lifestyle! Residents can also take advantage of nearby Mount St. Mary's University recreation and wellness programs, along with a vibrant community featuring shopping and dining options. This well-cared-for home offers pride of ownership throughout, thoughtful updates, and endless possibilities for future expansion. Check out the YouTube video!
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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