6202 BLACK CHERRY CIR
About This Property
This spacious Split Level is sited on a picturesque corner lot with an attached 2 car garage and four finished levels of living space. Substantial updates include a brand new roof (2024), new HVAC (2023), and replaced hot water heater (2020). Upon entering, you are greeted with a spacious foyer entry, eye-catching vaulted ceilings, and an open concept floor plan ideal for entertaining. Home features wide plank hardwood floors in the living, dining, and family rooms. The kitchen overlooks the family room and provides an eat-in space with a beautiful updated light fixture and slider to the composite deck, perfect for outdoor dining and relaxing. The family room has a second slider that leads to the custom stone patio and provides a brick fireplace with mantel. An updated powder room with granite vanity, convenient laundry area, and access to the garage complete this level. The lower level provides additional finished space perfect for a rec room and office. The hardwood staircase with upgraded wrought iron railings leads to the upper level, which has four bedrooms, all with hardwood flooring, and two full baths that have both been beautifully renovated. The owner's suite is spacious, with a vaulted ceiling and double door entry to the stunning owner's bath, which has been completely remodeled, featuring a double quartz vanity, soaking tub with custom tile surround, and separate water closet with shower. The exterior of this home is fantastic, with an expansive level backyard that has mature trees and is completely fenced in. The composite deck overlooks the private back yard as well as the gorgeous stone patio, walkway, and professionally landscaped planting beds. Home has NO CPRA Dues, and is conveniently located just minutes from Howard County's impressive Blandair Regional Park.
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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%.
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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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About Columbia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017