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9522 48TH PLACE
About This Property
From the moment you arrive, the charming covered front porch and sun-dappled homesite create an inviting first impression. There's ample off-street parking, low-maintenance vinyl siding, and a move-in-ready feel that's hard to find at this price point.
Inside, the home blends classic character with modern updates, featuring glowing hardwood floors, stylish luxury vinyl plank flooring, fresh finishes, and abundant natural light throughout. The bright and cheerful kitchen offers generous cabinet and counter space along with brand-new stainless steel appliances, including a five-burner gas stove and full-size washer and dryer - because convenience matters.
The main-level bedrooms feature beautiful hardwood flooring and overhead lighting, including a desirable bedroom with its own private en-suite bath - a rare and valuable feature in homes at this price point. An additional updated full bath shines with tile flooring, a tiled shower, upgraded vanity, and modern fixtures.
Upstairs, you'll find two additional freshly painted bedrooms with brand-new carpeting and added lighting, creating flexible space for guests, home offices, hobbies, or roommates.
Out back, the spacious fenced yard is ready for pets, gardening, grilling, or simply relaxing after a long day.
And here's the part buyers are really going to notice: opportunities like this in College Park are becoming harder and harder to find. Fully updated, move-in ready, close to everything, and priced to attract attention - this may be one of the best values currently available in the area.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017