5026 ROUND TOWER PL
About This Property
Welcome to 5026 Round Tower Place in the desirable community of Longfellow, in the village of Harpers Choice in Columbia. This stately Colonial boasts 5-bedrooms, 2-full bathrooms, and 2-half baths. Walk into your main level, complete with tile entry and wood flooring along with a formal dining room and two more living areas. The kitchen includes stainless steel appliances, granite counters, and updated lighting. The upper level has new carpet on the steps and hallway along with 5 full-sized bedrooms with hardwood floors. The primary suite offers an ensuite bathroom and an oversized closet. Plus, there is a full hall bathroom and linen closet. The lower level offers a large recreational space, with brand new carpet, and walk-out to lush backyard. Laundry and storage adorn the basement along with a half bath. A beautiful deck sits off the living room and an oversized two-car garage complete this property. Updates include new HVAC, gutters and lighting enhancements in 2022, new carpet in 2023. This property is beautifully located as it backs up to a walking trail, is very close to amenities such as pool and playgrounds, and a short walk to Cedar Lane Park. Just minutes from Centennial Park, Routes 108 & 29, this Howard County location is ideal.
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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