5008 LAKE CIRCLE W
About This Property
Designed for both elegant entertaining and everyday comfort, the home features generous, light-filled living spaces, a formal dining room suited for memorable gatherings, and a fully finished walk-out lower level perfect for hosting on a larger scale. The screened porch invites relaxed evenings overlooking the grounds, while the outdoor pool provides a resort-like escape throughout the summer months.
Inside, a thoughtfully curated primary suite serves as a true sanctuary, complete with a custom-renovated spa bath, ample closet space, and striking architectural windows that frame the surrounding greenery. Additional bedrooms and flexible spaces easily accommodate growing families, guest rooms, or dedicated study and work-from-home areas.
Enhancing the lifestyle offering, the property includes a private fitness area, dedicated workshop, and well-appointed utility spaces-including an oversized two-car garage.
Location
7 minute walk to the famous Centennial Park walking path, with tennis and basketball courts, volleyball and soccer fields, children's playgrounds, fishing, and more! Luxuriously hidden near Elioak Farm and 10 minutes drive away from downtown Columbia's greatest amenities; Merriweather Pavilion, Columbia Mall, Wild Lake Park, Lake Kittamaqundi, and fantastic restaurants for every fancy. Easy access to major commuter routes into Baltimore and D.C.
Additional Value
Massive Two Car Garage
Full Backyard Privacy Fence
Full-size Garden Storage Shed with Deck
Recently Updated Pool Filtration System
Recently Reinforced Deck Structure
Recently Updated Deck Roof
Recently Replaced HVAC
Recently Replaced Walkout Sliding Door
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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 Columbia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017