Factor in cap rate analysis, financing, common charges
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Price History
Amenities
Neighborhood
$375,000
●
Condo -
Off Market
ELKRIDGE, MD
3 Beds
4 Baths,
2
Half Baths
1,751 Ft²
$405,617
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model
About This Property
BEAUTIFUL, MOVE-IN READY, 3 bedroom end-unit townhouse with 2 full
and 2 half baths. Large master bedroom with vaulted ceiling,
walk-in closet, remote control ceiling fan, and whirlpool tub in
the master bathroom. Bright, open living room with prewired ceiling
speakers and bay window. Large deck overlooking an open
backyard right off the spacious eat-in kitchen with granite
countertops, kitchen island, ceramic tiles, cherry wood cabinets,
and a kitchen pantry. The multi-purpose room on the first floor
with a beautiful marble fireplace and French door can be used as a
family room, game room, or home office. Close to major
shopping including Trader Joe's, Costco, Lowe's, Wegmans, Home
Depot, and MOM's. 1 mile from 95, 100, 175, and close to 32
and 295 freeways.
Unit Size
1,751 Ft²
Days on Market
-
Land Size
-
Price per sqft
$214
Property Type
Condo
Property Taxes
$330
HOA Dues
$238
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
HOA/Condo/Coop Amenities: Tot Lots/Playground, Pool - Outdoor, Club House, Meeting Room, Party Room
HOA Fee: $0
HOA Fee Frequency: Monthly
Condo/Coop Fee: $238
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