610 TERRAPIN
About This Property
Features include a generously sized owner's suite complete with an ensuite bath, a finished basement ideal for additional living, recreation, or entertaining space, and a bright 3-season sunroom overlooking the backyard. The original bay window has been replaced with a beautiful updated bay window that fills the home with abundant natural light. Additional updates include a new HVAC system installed in 2017. Step outside onto the oversized rear deck surrounded by lush mature greenery and mature shade trees, creating a private outdoor retreat perfect for relaxing or entertaining guests.
Situated on a spacious lot in a desirable neighborhood conveniently located near shopping, dining, and everyday amenities. Centrally located just minutes from the Wicomico Civic Center, Salisbury City Park, the Salisbury Zoo, and the local YMCA. Enjoy easy access to downtown Salisbury for dining and entertainment, as well as convenient access to US Route 50. Just a short 45-minute drive east brings you to the beaches of the Atlantic Ocean, the vibrant nightlife and attractions of Ocean City, or the tranquil beauty of Assateague Island, known for its natural scenery, abundant wildlife, and famous wild horses and ponies.
Experience all the Eastern Shore lifestyle has to offer - from the beaches to the bays and beyond! Sizes, taxes, and distances approximate.
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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