701 WILD CHERRY LN
About This Property
Welcome to 701 Wild Cherry Ln., Saint Leonard, MD-the perfect sanctuary for a family ready to embrace a life of comfort, convenience, and nature! Tucked away in a secluded cul-de-sac, this inviting home offers an expansive yard that leads to woods, perfect for dog walking, exploring with the kids, or simply enjoying nature. The spacious back deck is made for hosting gatherings surrounded by privacy and trees. The gas fireplace in the cozy living room ensures warmth and relaxation during the colder months.
Step inside the newly updated kitchen, boasting stylish new cabinets and flooring, an ideal spot to prepare family meals. The finished basement, with a projection TV and a full bath, provides the perfect in-law suite, game room, or entertainment space. Additionally, the detached shed is a versatile area for storage or special projects, and garden enthusiasts will love the ready-to-plant garden space with abundant raspberries come June.
Situated close to the Chesapeake Bay, Solomons Island, and just an hour from Annapolis and Washington, DC, this home also offers plenty of space to park your boat or RV. Flag Harbor Marina is nearby for boat slips and storage, making it easy to enjoy coastal living. Whether you're looking to entertain, unwind, or explore, this property offers the space, features, and location to make it happen.
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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