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5826 BROAD BRANCH WAY
About This Property
This craftsman style house includes many generous features and finishing touches including, double crown molding, chair railing, granite countertops and backsplash with mica flakes that match beautifully with the deep, copper sink. With new stainless steel appliances and an abundance of natural light, the kitchen and living area are well suited for hosting and gathering. Step upstairs into your primary bedroom with two large walk-in closets, vaulted ceilings, and hand cut shiplap accent wall. As you enter the primary bathroom, you're greeted with the shiplap continued, upgraded dual farmhouse vanity, and large walk-in shower. Just down the hall are three more spacious bedrooms and second full bath. With the 1/3 acre fully fenced in yard, you will love warm summer nights and roasting marshmallows on crisp autumn evenings on your 630 square foot custom paver patio with 18 foot seat wall. Along with plenty of space to spread out and play, the backyard also comes with a large storage shed. Heading back inside and downstairs is the lower-level apartment. The lower level has its own ground-level, private entry, fully equipped kitchen, large bedroom, living area, bathroom with spa shower, and laundry area. The front porch spans the width of the house. Perfect for sipping morning coffee or an evening cup of tea. The garage has four large steel shelves for added storage and epoxy finished floors. Located in the top rated Oakdale School district, minutes from Historic Downtown Frederick, in a beautiful neighborhood with tot lot and walking trails, you will love the proximity to all of the vibrance that makes up the Frederick community. An added bonus: this house is not assigned to an HOA.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017