8004 CLEARFIELD ROAD
About This Property
The lower level expands the living space with a welcoming family room anchored by a cozy fireplace and built-in shelving, along with a workshop, laundry area, and abundant storage. Set on a peaceful .46-acre lot, the home offers a flat backyard, secure storage, an attached covered carport, a covered front porch, and mature landscaping.
Beyond the home, the Clover Hill community offers exceptional amenities, including a private 13-acre park with a clubhouse, community pool, walking trails, baseball and softball fields, a basketball court, and picnic areas. Conveniently located near downtown Frederick, Frederick Community College, Fort Detrick, and major commuter routes, this property combines comfort, convenience, and vibrant community living complete with low HOA fees and no city taxes.
Major improvements include a remodeled kitchen with quartz countertops and new stainless appliances 2025 , updated bathrooms, new windows 2019 , architectural roof 2017 , upgraded electrical panel 2024, new water heater 2024, HVAC system 2020, and pressure tank replaced 2024 water filtration system added.
Some photos have been virtually staged.
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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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About Frederick
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017