607 HILLCREST DRIVE
About This Property
Inside, you'll find vaulted ceilings and luxury vinyl plank flooring throughout the spacious living room, creating a bright and open atmosphere. The living space flows effortlessly into the kitchen and dining area, where sliding glass doors lead directly to the back deck and patio, perfect for relaxing or entertaining.
The primary suite is thoughtfully located on one side of the home, while the secondary bedrooms and guest bath occupy the opposite side, separated by the main living space for privacy and flexibility. A main-level laundry room adds practical convenience.
Step outside to the backyard, where you'll find two sheds and a fully fenced yard with a privacy fence, ideal for outdoor activities, pets, or simply enjoying quiet moments. The back deck and patio make it easy to entertain or unwind while enjoying the serene surroundings.
Woodland Manor offers a charming setting close to downtown Pocomoke City. Enjoy riverside dining on the scenic Pocomoke River, explore local attractions, take a walk on nearby nature trails, play pickleball, fish from local docks, or launch your boat from one of three public ramps. The area also provides easy access to Chincoteague Island, Ocean City, and NASA Wallops Flight Facility, making day trips and adventures simple.
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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