Located just 1.2 miles from Mariner Point Park and the Gunpowder
River, this beautifully updated home offers a great combination of
location and move-in ready improvements. Purchased in 2022, the
home underwent extensive remodeling, including a complete kitchen
renovation with stainless steel appliances, new LVP flooring, and
fresh paint throughout the entire interior. Both bathrooms have
been updated with new vanities, mirrors, and light fixtures.
Additional updates completed around 2022/2023 include the HVAC,
water heater, and washer and dryer. The home had replacement
windows in place when purchased in 2022, and the roof is
approximately 10 years old. The home was previously converted from
a 4-bedroom to a 3-bedroom by opening the wall between the Primary
Bedroom and fourth bedroom, creating a spacious Primary Suite with
a separate sitting area. Buyers who prefer a 4-bedroom layout have
the option to convert the space back by reinstalling the dividing
wall.
Enjoy being just minutes from the water, walking trails,
playgrounds, fishing, boating, and everything Mariner Point Park
has to offer. The property is being sold As-Is; however,
inspections are welcome for informational purposes. All items
remaining in the home at the time of settlement will convey with
the sale.
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.
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