3924 GARFIELD RD
About This Property
**Made from American Chestnut the phenomenal bank barn offers a versatile space that could be used for a growing business, the space can accommodate large equipment and has electric to the building, the possibilities are endless.
As you step onto this picturesque property, you'll immediately be captivated by the charm and possibilities it presents. The fabulous rancher design boasts an open concept floor plan that invites you to explore all that this home has to offer.
The living room is a welcoming space, featuring stunning Brazilian cherry hardwood floors that flow seamlessly into the kitchen. This space is designed for easy living and entertaining. The kitchen is well-appointed with ample cabinetry, a decorative backsplash, and a casual dining area. From here, you have direct access to the deck, making it the perfect spot to enjoy your morning coffee or host outdoor gatherings with friends and family. The primary bedroom is a retreat in itself, adorned with a spacious walk-in closet and an en-suite full bath. It's a private oasis where you can unwind and relax after a long day. Two additional bedrooms and another full bath complete the main level, providing comfortable accommodations for all members of the household. Venture downstairs to the lower level, where you'll find a versatile recreation room that can serve as a game room, home theater, or a space for various activities. The laundry room adds convenience to your daily routines, and there's also a bonus room that can be used as a home office, gym, or craft room. You'll appreciate the convenience of direct garage access, making it easy to come and go. Outside, the property offers even more to love. A wrap-around driveway provides ample parking space for you and your guests. The 2-car attached garage offers secure storage for your vehicles. Additionally, there's expansive covered parking, perfect for protecting your outdoor equipment or hosting gatherings. And let's not forget the impressive bank barn, made from American Chestnut complete with electrical service, which opens up a world of possibilities for storage, hobbies, or even a workshop. Updates include, roof, bathrooms, gutters, Pella windows, siding, and more.
Surrounded by Parks that include, Cunningham Falls State Park, Catoctin Mountain Park, Wolfsville Ruritan Community Park, South Mountain State Park, Black Rock Vista, and so much more!
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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