7210 ANNAPOLIS RD
About This Property
The main level has a large living, a separate dining room space, and an upgraded kitchen with stainless steel appliances. The seller made this floorplan even more efficient as they went to the trouble to reroute the lower level stairs to enlarge the kitchen and so it was not a passthrough space. The level is capped off with a coat closet and a door to the rear that goes to a large trek deck overlooking the large backyard which has a shed for additional storage.
The lower level has new carpet. It's versatile, as another bedroom/bathroom suite, a second living room, an office, or kid's playroom, or an opportunity to generate rental income since it's a distinct and separate space with its own exterior door, etc. The options are plenty.
The entire home was freshly painted, inside and the exterior. The seller also put down fresh sod grass and redid the landscaping. This home has been lovingly maintained and updated so all you have to do is move in your stuff and enjoy the warmer months in your new home.
This location is at the crossroads of many transportation options: 450, 295, 50, 410, 495/95 and less than 1.5 miles to the New Carrollton Metro. Also within minutes is lots of shopping, restaurants, grocery stores, businesses, and parks that you will frequent in your everyday life. Open House April 16!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017