900 MONTROSE DRIVE
About This Property
Adjoining the kitchen/dining area is a centrally heated and cooled sunroom offering panoramic views of the beautiful, fenced back yard. This room is fitted with sliding double-pane windows, each treated with Low-E privacy film and solar shades. The sunroom's Energy Star door opens out to a large deck designed to safely accommodate children and pets. Upstairs, the master bedroom comfortably accommodates a king sized bed, dresser, and chest. The large, unique walk-in closet features a four-tier cedar shoe rack and ample cabinet and hanging rod space. The spa-like master shower compliments the features and fixtures throughout the bath.
Bedrooms two and three are beautifully done with double, lighted closets featuring custom shelf and hanging rod storage space. A tub and shower combo and lighted/heated cosmetic mirror add an elegant touch to the guest bathroom. The beautiful, inviting laundry room has a new washer/dryer combo and convenient cabinet and counter space. And rounding out the living space is the large, brightly lighted den featuring a two to three person sauna for the ultimate in health and relaxation after a long day of activity.
Finally, the garage and 12 x 24 shop are both fully insulated with the shop being heated and cooled by a Mitsubishi mini-split unit. All appliances, central heat pump, duct work, and hot water heater are new in the last two to four years. City sewer service is an added bonus. Book an appointment today to view this beautiful property situated in the Highland Park subdivision in Wicomico County.
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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