619 COTTONTAIL DR
About This Property
Welcome home! This super well-maintained home is ready for you. It is conveniently located on a quiet cul-de-sac in Schumaker Glen in Salisbury, Maryland. This .29-acre lot offers a fenced in rear yard, with two storage sheds. The paved driveway offers parking for 4 cars. The front door leads into the living room which is open to the kitchen and dining area. Flooring is new LVP in this living space and the bedrooms. Upstairs has 3 bedrooms and 2 full bathrooms. One is located in the primary bedroom; this was upgraded to a walk-in shower for easy access. There is also a hall bathroom that had a new tub surround installed. Downstairs offers a large family room, with extra space for an office, or play area. Cozy up to the gas fireplace, perfect place to watch tv, or play games. Lots of storage, included in a encapsulated crawlspace that is accessed from the family room, also allows easy access to the ductwork and air handler. This room also opens to the backyard with access via sliding glass doors, allowing for lots of natural light. Downstairs also has a half bath and large utility room, washer, dryer and freezer stay. The roof is only 8 years old, HVAC (natural gas heat) is 10 years old and windows have also been updated. This house is a must see!!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 7, 2025 | Sold | ||
| Sold | |||
| Mar 10, 2025 | In contract | - | |
| In contract | |||
| Mar 4, 2025 | Relisted | $259,900 | |
| Relisted | |||
| Jan 28, 2025 | In contract | - | |
| In contract | |||
| Jan 24, 2025 | Listed by ERA Martin Associates, Shamrock Division | $259,900 | |
| Listed by ERA Martin Associates, Shamrock Division | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017