Welcome to 5711 Charlies Way, a stunning 2024-built Melody ranch by
Richmond American Homes in the private enclave of Vincent Estates.
This one-level living ranch offers 3 bedrooms and 2.5 bathrooms
with 2,328 sq ft above grade plus 1,059 finished sq ft in the lower
level for a total of 3,387 sq ft of finished living space. Inside
you will find vaulted ceilings, an expansive great room with a wall
of windows and transom windows above, luxury vinyl plank flooring,
recessed lighting, 9-foot-plus ceilings, and Energy Star efficient
windows throughout. The gourmet kitchen features a large center
island with bar seating, a walk-in pantry, white shaker cabinetry,
upgraded countertops, and stainless steel appliances including a
wall oven, cooktop, built-in microwave, dishwasher, and range hood.
The elegant owner's suite boasts an oversized walk-in closet and a
spa-like private bath with dual vanities, a separate soaking tub,
and a walk-in shower. Two additional bedrooms and a second full
bath are joined by a convenient half bath and main-floor laundry
with a utility sink. The daylight lower level offers a huge
finished recreation room plus abundant unfinished storage space
with rough-in bath plumbing for future expansion. Outside, relax on
the covered composite deck overlooking mature trees, with a 2-car
attached garage featuring EV charging, a concrete driveway,
stone-accented vinyl siding, and a private 0.34-acre cul-de-sac lot
backing to trees. Vincent Estates is minutes from The Avenue at
White Marsh, Gunpowder Falls State Park, and commuter access via
I-95 and I-695, about 15 miles from downtown Baltimore. Move-in
ready and full of natural light throughout.
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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