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504 MAGNOLIA RIDGE DRIVE
About This Property
Nestled in the charming town of Joppa, Maryland, this newly renovated single-family home offers the perfect blend of modern convenience and comfortable living. APROX 2,600 square feet of living space, this property features 4 bedrooms, 3.5 bathrooms, and a finished basement complete with a pool table - making it an ideal space for both relaxation and entertainment.
The property has been gently lived in and meticulously maintained, making it feel brand new. From the open concept living area to the spacious bedrooms, every inch of this home has been thoughtfully designed to maximize comfort and functionality. The kitchen features modern appliances and ample counter space, making meal prep a breeze. And when it's time to unwind, the luxurious bathrooms provide the perfect escape.
Located at 504 Magnolia Ridge Drive, this home offers easy access to the highway, making commuting a breeze. Plus, with a beautiful pool table included in the finished basement, you'll never run out of activities to enjoy with family and friends. Don't miss out on the opportunity to make this stunning property your own!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2023 | Sold | ||
| Sold | |||
| Sep 12, 2023 | In contract | - | |
| In contract | |||
| Aug 22, 2023 | Relisted | $450,000 | |
| Relisted | |||
| Aug 10, 2023 | In contract | - | |
| In contract | |||
| Aug 2, 2023 | Listed by Keller Williams Realty Centre | $450,000 | |
| Listed by Keller Williams Realty Centre | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017