729 TRAIL AVENUE
About This Property
Upstairs, you'll find three bedrooms, including one with a versatile bonus space ideal for storage, a closet, or a play nook. The upstairs bathroom has been completely renovated, and the hallways are lit with new recessed lighting. Other recent upgrades include freshly painted interiors, a new front porch light fixture, and efficient minisplit AC systems for year-round comfort. Both roofs have been replaced in recent years (main roof just six years old, porch roof three years old), giving peace of mind for years to come.
Trail Avenue is a tight-knit street with a true neighborhood feel, and this particular home is the only duplex on the block that doesn't face another unit's windows - offering privacy that's hard to find downtown.
With easy access to the new Common Market, Olde Mother Brewing, Hood College, and all of Downtown Frederick's dining and shopping, this home is more than a place to live - it's a chance to be part of Frederick's history and its vibrant future. Welcome home!
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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%.
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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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About Frederick
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017