7 HORNING DR
About This Property
located in the quaint town of Betterton, MD. This cozy home was built in 1951 and offers
year-round living vintage charm. With 1 bathroom and 2 bedrooms, this property would
make a cozy weekend getaway or a great starter home. Betterton offers beach and boating
amenities; the home is a very short distance from the beach and fishing pier! There is a
screened-in porch and the kitchen/living room area has solid oak floorboards. The
bathroom is clean and well-maintained. The new roof was installed in 2021. The home also
includes 2 storage sheds, perfect for keeping your belongings organized and out of sight.
Appliances that come with the house include a state-of-the-art energy efficient combination
clothes washer and drier. Situated on a smaller lot, the property offers a manageable
outdoor space that is easy to maintain. The yard is perfect for enjoying the fresh air and
peaceful bird watching on a sunny day. The property also includes two parking spaces for
convenient off-street parking. Located in the charming town of Betterton, this home offers a
peaceful retreat away from the hustle and bustle of city life. Betterton is known for its smalltown charm, friendly residents, and beautiful natural surroundings. Overall, 7 Horning Dr is
a lovely property that offers a comfortable and convenient living experience. Whether you
are looking for a starter home or a cozy retreat, this home has everything you need. Don't
miss the opportunity to make this charming property your own!.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017