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10143 DALLAS AVENUE
About This Property
Recent updates include newly refinished hardwood floors, fresh interior paint, brand-new stainless steel kitchen appliances, updated light fixtures, and replaced outlets and switches throughout, giving the home a clean and move-in ready feel. Additional major improvements include double-pane vinyl windows and an architectural shingle roof with plenty of life remaining. The expansive unfinished basement provides excellent storage space and additional bedroom potential, offering endless possibilities for future finishing based on the buyer's needs and vision. A large attic has also been converted into functional storage space, providing even more flexibility and practicality for everyday living.
Step outside to a flat, fully fenced backyard offering plenty of space for entertaining, gardening, pets, or play. A spacious storage shed provides convenient room for lawn equipment, tools, and additional storage needs. Parking is a breeze with a private 2-car driveway, complemented by ample on-street parking for guests.
Conveniently located just minutes from Four Corners shopping, restaurants, grocery stores, and everyday conveniences, with nearby access to Sligo Creek Park trails, playgrounds, and outdoor recreation. Excellent commuter location offering quick access to Downtown Silver Spring, Washington, I-495, Forest Glen Metro, and major commuter routes including Colesville Road and University Boulevard. Enjoy the perfect balance of a quiet residential setting with close proximity to dining, shopping, and entertainment.
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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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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017