7705 MILLER FALL RD
About This Property
Welcome to 7705 Miller Fall Rd.! Situated on a lush .37 acre lot in desirable Derwood! Enjoy over 2,400 square feet of living space with 4 bedrooms and 2.5 bathrooms with carport. The main level features a welcoming entry leading into the open concept living and dining room with wood flooring throughout. The eat-in kitchen is spacious with access to the carport and ample cabinetry. Off the living/dining room is the huge 4 season sunroom with vaulted ceiling, floor to ceiling windows, and expansive views of the parklike backyard. Off the sunroom is access to the back deck with walk-down to the backyard as well. Lastly, there is a convenient main level office. The upper bedroom level features a primary suite with double closets and an ensuite bath. The lower level is finished with a large family room including a wall-to-wall brick gas fireplace. There is also a potential 4th bedroom and a half bath. The lower basement is unfinished with utility, storage, and laundry. Well maintained home with fresh paint, refinished wood flooring, roof is just 5 years old, and Anderson Windows! Prime location within minutes to major commuter routes, ICC, and public transit. Close to shopping, restaurants, and entertainment venues. This one is a must see!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 4, 2023 | Sold | ||
| Sold | |||
| Jul 18, 2023 | In contract | - | |
| In contract | |||
| Jul 12, 2023 | Listed by Long & Foster Real Estate, Inc. | $575,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About Redland
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017