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8604 RIVER GLADE RUN
About This Property
Traditional living and dining rooms, enhanced by crown molding, flow seamlessly into the heart of the home. The spacious kitchen is thoughtfully designed with 42-inch cabinetry, granite countertops, stainless steel appliances including a Jenn-Air cooktop, a center island with breakfast bar, and a pantry for added storage. Just beyond, the breakfast room features an oversized sliding glass door that opens to a beautiful composite deck, extending the living space outdoors. The adjacent family room is anchored by a cozy stone fireplace, creating a warm and welcoming gathering space. A main-level home office with built-in bookcases and a powder room complete this level.
Upstairs, five well-proportioned bedrooms provide flexibility for a variety of living arrangements. The primary suite impresses with a cathedral ceiling, a sitting area, and two walk-in closets with custom built-ins. Its en-suite bath includes a double sink vanity, soaking tub, and tiled shower. Two additional bedrooms share a full hall bath, while the remaining pair are connected by a shared full bath.
The finished lower level expands the home's versatility with a recreation room featuring a wet bar, a bonus room ideal for exercise or hobbies, a full bath, walkout stairs, and an expansive utility and storage area.
Outdoors, the manicured yard offers a serene setting, best enjoyed from the deck. Residents of Stone Lake enjoy a low-maintenance lifestyle with lawn care included, along with exceptional amenities such as a lake with surrounding paths, tennis courts, playground, sandy beach, boathouse, community docks, and a waterfront pavilion with an outdoor fireplace. Ideally located near Historic Savage, Maple Lawn, Scotts Cove Recreation, I-95, MD-295, Fort Meade, and the MARC Train, this home offers both tranquility and convenience.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017