RARE OPPORTUNITY in the highly sought-after 55+ community of THE
VILLAS OF ROCK OAK. This spacious villa is one of only a few that
has a full walk out lower level. With an amazing great room,
bedroom, and full bathroom, the lower level provides the perfect
entertainment area as well as a private area for guests. From the
great room, step outside onto the paver patio for easy access to
the rear yard. MAIN LEVEL living consists of the primary
bedroom along with the primary full bathroom. With a double
vanity, walk in shower, linen closet, and a substantial walk-in
closet, there is plenty of storage area. The kitchen, located on
the rear of the home, is bright and airy with its large patio door
that leads out to the rear deck. Convenient for those barbeques or
to enjoy the sights and sounds of nature. The kitchen also features
a breakfast bar, built-in desk, pantry, and 42" cabinets. The
living room and dining area provide even more living space.
There is a 3rd bedroom/den/office on the main level as well.
Another full bathroom is conveniently located off the living
room. Direct access to the garage and the laundry are also on the
main level. There are 9-foot ceilings throughout the main level.
Roof is 3 years +/-; new sidewalk; newer larger gutters;
gas HWH 2 years +/-; Gas furnace 2 years +/-; HVAC 2 years
+/-. All this in a PRIME LOCATION that has the conveniences
of shopping, dining, medical offices, access to major commuter
routes, Fort Meade, not to mention the WB&A trail that is just
steps away. It's time to enjoy easy living in this lovely community
that is tucked away, yet close to all the necessities.
Unit Size
2,543 Ft²
Days on Market
23 days
Land Size
-
Price per sqft
$204
Property Type
Condo
Property Taxes
$410
HOA Dues
-
Year Built
2004
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Cap Rate Calculator
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100% Occupancy
N/A (extreme outlier)
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.
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