7809 MILLERS CORNER
About This Property
The property features original hardwood floors throughout the main living areas. All 3 bedrooms and 2 full baths are located on the upper level, with a convenient half bath on the main level. A partially finished basement provides flexible additional space and possible 4th bedroom.
Recent updates include a 2021 roof inspection and tune-up, fresh paint, and a newer hot water heater. The lot includes a massive empty lot out front for added openness and privacy, along with new custom hardscaping in the backyard that creates an ideal outdoor oasis for relaxation and entertaining.
Located in the Howard County Public School System, this home sits in a quiet, tree-lined setting with easy access to local amenities.
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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