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5029 CLOUDBURST HILL
About This Property
Freshly painted throughout and truly move-in ready, the main level offers inviting spaces designed for both everyday living and effortless entertaining. The formal living and dining rooms are filled with natural light from large garden windows, while the comfortable family room has a slider to the rear deck, creating an easy flow for relaxing and enjoying time together indoors and out.
The newly remodeled kitchen features white shaker cabinets, stainless steel appliances, and gorgeous quartz countertops. An oversized window provides a cheerful backdrop for a cozy table space, creating the perfect spot to enjoy morning coffee, casual meals, or gather with family and friends. A main level half bath and laundry/mudroom with a side entrance from the yard and an entry from the garage adds convenience to this level.
Upstairs, the primary suite includes double closets and a private ensuite bath. Three additional bedrooms with ample closet space and a full bath are just down the hall.
The partially finished, walk-out lower level has a spacious rec room, providing additional living space to relax or entertain for movie nights, game days, or use as a playroom, office or gym. The unfinished area presents endless opportunities for customization and could become a home gym, workshop, or additional finished living space, and includes ample storage. The walk-out basement opens to the patio and backyard, ideal for gatherings, gardening, or simply enjoying quiet moments outdoors.
Parking is easy with a 2 car attached garage and oversized driveway. Enjoy the best of Columbia living just steps from walking paths to Centennial Lake, Wilde Lake, Lake Kittamaqundi, the Merriweather District, Downtown Columbia, and the Mall. Easy access to shopping, dining, and downtown Columbia, and Routes 29, 32, 100, and I-95 for commuting to both Baltimore and Washington, D.C.
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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