5408 OLD NATIONAL PIKE
About This Property
This home features essential modern upgrades, including central air, forced air heat, and main-level laundry. Electrical wiring was updated in 2011, and both attic and basement insulation were added in 2015 for improved energy efficiency. Two new HVAC units were installed in 2018, and both bathrooms and the kitchen have been tastefully renovated.
With spacious rooms and a layout that supports both single-level living and additional living space upstairs, this home offers a perfect blend of formal elegance and casual comfort. Whether you're relaxing in a quiet sitting room or hosting friends on the deep front porch or in the generous living spaces, you'll feel right at home.
Outside, enjoy the serenity of a full acre of mostly level land, bathed in natural light-ideal for gardening, outdoor entertaining, or even raising small animals. All of this, just 10 minutes from downtown Frederick and mere minutes from major commuter routes.
Don't miss this rare opportunity to own a piece of history-updated for today, with space to grow tomorrow.
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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%.
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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 Frederick
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017