409 MONTGOMERY ST
About This Property
Welcome to an absolutely charming cape cod located in the heart of Laurel! The beauty has been restored- fresh paint throughout, gleaming hardwood floors, new light fixtures, and complete renovations to the floor plan, kitchen, and bathrooms.
Park in the extended driveway and enter the home through your inviting front porch. Open the front door to your cozy and modern living room featuring gleaming hardwood flooring, recessed lighting, high ceilings, a fireplace, and a beautiful staircase with character-filled railings. The dining room flows perfectly from the living room and shares much of the same features. The completely renovated kitchen includes quartz countertops, soft close cabinets, brand new Samsung stove/oven, refrigerator, and dishwasher, and a contemporary 4 light-track fixture! There is a new kitchen sink and golden faucet that matches the golden compliments throughout the home! Past the dining room you will find a mudroom with sage green inset shelving and closet hangers, perfect for entertaining guests and keeping dirty shoes off the hardwood! Enter the main level bedroom or office from the mudroom, or go downstairs to the basement. Open the door and you enter the basement- which makes a perfect in law suite or space for a growing teenager/ your creative ideas. The walk-out basement gives the you options, as there are two rooms, a washer/dryer, an updated bathroom, and a kitchenette with a second refrigerator. The best part of the basement is that it is above ground- meaning you can enter the basement from the rear entrance without stairs, and allows lots of natural light to enter it.
The upper level has 3 spacious bedrooms with ample closet space and an updated full bathroom.
The backyard is the perfect haven including a large patio area, beautiful landscaping, and a built-in brick grill. This home is located just blocks away from the Historic Laurel Main street (Main Street Festival happens every year) that includes many restaurants, retail stores, local coffee shops, and so much more! Just minutes to at least four grocery stores (Food Lion, Giant Foods, Harris Teeters, Weis). Minutes to major highways/roads such as I95, 216, Route 1, and 198. Laurel is centrally located between Baltimore and Washington D.C. Many parks and trails nearby, including the Patuxent River trail a couple of blocks away. Schedule your tour today, you do not want to miss this one!
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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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About Laurel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017