702 MIDWAY DRIVE
About This Property
The kitchen offers stainless steel appliances (fridge, stove, built-in microwave), black dishwasher, dual sink, built-in china cabinet, wood cabinetry, and a custom desk/hutch setup. Dining area and large family room with oversized windows feature engineered wood floors.
Fully remodeled bathrooms throughout. Oversized laundry/mud room with side entry, new washer/dryer (2023), utility sink, cabinets, and two closets. Main level has two full baths.
Finished lower level includes a spacious room, full bath, living room, kitchenette with stove and fridge, dining area, private entrance via side French door with walk-up stairs, and two additional rooms ideal for den/office/library with expansive closet space. Basement features engineered wood flooring, recessed lighting, sump pump, and pantry closet.
Additional highlights include dual-zone HVAC 2023, 50-gallon electric water heater 2023, brand new roof 2024 and large fully fenced backyard with concrete patio and shed with electric.
Prime location near Historic Downtown Frederick, major highways, train station, public transit, shopping, dining, library, and more.
All showings must be confirmed through ShowingTime. Any questions feel free to contact helpful/cheerful Listing Agent.
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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