Spacious colonial in vibrant Columbia, offering generous living
space and numerous updates throughout, including siding, roof and
gutter guards, water heater, sliding doors, garage door, flooring,
renovated bathrooms, and more. The main level features stylish LVP
flooring throughout the spacious living and dining areas. The
updated kitchen showcases granite countertops, an island breakfast
bar, and modern white and gold appliances, and opens to an
expansive family room. Two sliding glass doors provide abundant
natural light and convenient access to the deck, creating an ideal
flow for indoor-outdoor entertaining. A powder room completes the
level. Upstairs, the primary bedroom features a private en
suite full bath. Four additional bedrooms and another full bathroom
provide plenty of space and flexibility. Whether envisioned
as a recreation room, home gym, office, or storage, the unfinished
lower level with a bath rough-in offers an exceptional opportunity
to customize additional living space to fit your exact needs.
Outside, enjoy the deck and yard surrounded by mature shade trees,
creating a peaceful setting for relaxing and entertaining. Ideally
located near major commuter routes and all that Columbia has to
offer, including an abundance of shopping, dining, recreation, and
entertainment options, with the vibrant Merriweather District
nearby. A wonderful opportunity to enjoy space, versatility, and
convenience in the heart of Columbia!
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.
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