6426 MADIGAN TRL
About This Property
This beautiful colonial stone front home, built in 2017, offers 4 bedrooms, 2.5 baths, and nearly 3,000 square feet of finished space. Located on an 8,455 sq ft corner lot in the quiet Linton At Ballenger community of Frederick, this property is perfect for modern living. The main level features brand new hardwood floors throughout the foyer, living room, and family room. A powder room with a pedestal sink is available for guests. The gourmet kitchen, open to the family room with an accent wall, boasts espresso cabinets, granite counters, a large island, stainless steel appliances, and hardwood floors. A French door leads to a spacious composite deck in the large, flat, fenced backyard, with both the deck and fence added in August 2018. The upper level features a primary bedroom with new carpet, a tray ceiling with recessed lighting, an ensuite bath with double vanity, soaking tub, separate shower, and a large walk-in closet. There are three additional bedrooms and a full hall bath on this level. The fully finished lower level includes a carpeted office area with an accent wall, a recreation room with pre-wired speakers and recessed lighting, and two unfinished areas: a utility/storage room with HVAC, tankless water heater, sump pump, and passive radon system, and a second area with a rough-in for a full bath. Additional features include triple crown moldings, paneled doors, recessed and pendant lighting, ceiling fans, and overhead light/ceiling fan rough-ins. The community offers a pool, clubhouse with gym, playground, and walking/jogging trails, all within walking distance, and there's also a dog park outside the community too..
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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.
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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 Ballenger Creek
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017