8501 SUMMERSHADE DRIVE
About This Property
As you step through the front door, you will be greeted with a sun-drenched two-story foyer that will be sure to wow guests and loved ones. Following the polished hardwood floors, you will find an expansive, open first level that is perfect for everyday living and entertaining. The gourmet kitchen flows seamlessly into the main living areas, while expansive windows bring in natural light throughout. Upstairs, you will find three large bedrooms overlooking the two-story family room and a huge primary suite complete with a custom walk-in closet.
The fully finished basement offers endless possibilities with a den, game room, and ample storage space-a true extension of the home where everyone can gather or unwind.
Completing the package, you will find a deck that extends the entire back of the house and sits above a custom-built patio space, complete with a fire pit. Perfect for afternoon cookouts or enjoying a quiet evening at home.
Living in Piney Orchard means you get to enjoy amazing amenities like outdoor pools, tennis courts, walking paths, a community center, and more! All of this while having an easy commute to Washington, DC, Baltimore, BWI, and Annapolis. 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%.
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017