4517 RASPE AVE
About This Property
This home provides a possible assumable loan option, giving you access to the home owner's lower mortgage rate at 5.125% !
Welcome to this stunning 3 bed 2.5 bath Cape Cod home in the heart of the sought after Belmar neighborhood. As you step inside, you'll be greeted by a spacious main level featuring high ceilings, surrounding windows and luxury vinyl flooring that adds a touch of elegance to the home. The kitchen is a chef's dream, equipped with stainless steel appliances, quartz counters, soft-closed drawers and a massive center island with under cabinet storage and tear drop lighting. the main level also features an updated half bath and access to rear deck.
The upper level of the home features three spacious bedrooms with large closets and multiple windows providing a flood of natural light. the upstairs also delivers an updated full bathroom with tiled tub/shower, newer vanity and fixtures. The finished lower level offers versatility, allowing you to transform it into a fourth bedroom or an entertainment/family room. You'll also find a full bath in the basement for added convenience as well as your laundry area and utility room.
With its ideal layout for entertaining, this home offers a large deck off the back, creating an inviting atmosphere for weekend gatherings and socializing. Additionally, a pool house adds a touch of luxury to your outdoor activities, providing a perfect space to relax and unwind and also features a fully fenced yard. Worried about parking? Don't be! This property offers off-street driveway, ensuring that your vehicles are always accommodated.
Location is key and this house provides it. You are close to major commuter routes, shopping, entertainment, restaurants, Baltimore City and military bases. Don't miss out on the opportunity to make this exquisite home yours. Schedule a showing today!
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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 Overlea
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017