7928 MERIDIAN DRIVE
About This Property
Step inside to find an inviting main level with 9-foot ceilings and engineered wood flooring throughout. The foyer leads to a cozy office with glass doors, a formal dining room with elegant chair rail molding, and a spacious family room with a gas fireplace and mantle. The gourmet kitchen boasts a huge granite island, double wall ovens, a gas cooktop, and white cabinetry, perfect for any home chef. A convenient mudroom off the two-car garage adds extra functionality.
Upstairs, the luxurious primary suite features a walk-in closet and a newly updated bath with double sinks, contemporary black-trim mirrors, and a sleek glass shower door. The versatile loft area is ideal for a game room, home theater, or craft space. Three additional bedrooms and a hall bath with dual sinks provide ample space for family or guests. The upper-level laundry room and linen closet add extra convenience.
Located near a new library, Compass Pointe Golf Course, Fort Smallwood Park, Downs Park, and plenty of shopping and dining options, this home offers the perfect blend of comfort and convenience. Don't miss out on this exceptional property!"
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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.
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About Anne Arundel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017