THIS IS LISTING IS FOR A "TO BE BUILT" HOME. Welcome to Meredith
Woods II, Cornerstone's next phase of the highly successful
Meredith Woods I. Located in Howard County, down the street from
the popular 'North Laurel Community Center', this Community offers
easy access to commuter routes and many County amenities.
Cornerstone's 'Highland' model is a craftsman style home that
features 4 Bedrooms, 2.5 Bathrooms and a 2 car garage with plenty
of room for expansion and upgrades. The feature of the home is a
stunning Kitchen with a large breakfast island, full-overlay, soft
close painted cabinets with Quartz high-end countertops. A walk-in
pantry with ample storage and a full complement of SS appliances
with a designer Hood Vent (vented to outside). Featuring a wide
open floor plan with a seamless transition from the family room,
dining room and kitchen. Optional Windows have been included
throughout, giving this home plenty of natural light. The exterior
stone, complemented by the accent siding come together to create a
home with real curb appeal. Lots of possibilities in the Lower
Level to add (2) Bedrooms, a Full Bathroom and a Rec Room. All the
flooring is upgraded; including LVP throughout the main level,
upgraded pad in the upper and lower carpeted rooms. Deluxe Tile
Package in the baths and a tiled backsplash in the kitchen. The
Primary Suite in this home is what sets it apart with its tray
ceiling and DUAL walk-in closets. As you enter the oversized
en-suite bathroom, the feature list continues; large tiled shower
with a bench and glass shower door, massive double sink vanity and
a dedicated linen closet. The Laundry Room is located Upstairs for
added convenience and every bedroom features it's own walk-in
closet! Meredith Woods II is just Minutes to major Rts I95, 32, or
29. Convenient to FT MEADE/NSA, JHUAPL and BWI. A short distance to
Laurel, Burtonsville or Maple Lawn for shopping and restaurants.
Right down the street from North Laurel Community Center that
features a fitness room, a game room, basketball courts and a newly
built indoor pool. Outside there are rec fields, basketball courts
and a skate park. There is a $1,000 Front Foot Fee and there is a
$720 (annual) HOA. NOTE: This is a 'to-be'built' home. The pictures
in this listing are of a model home and may differ from what is
going to be built at this property.
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.
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