10209 LORAIN AVE
About This Property
The main level, with hardwood floors, features a living room with wood burning fireplace which opens into an enclosed light-filled porch/study with wall of windows, built-in bookshelves and sliding glass door to the rear deck.++++
There is a separate formal dining room.++++ The kitchen, updated with white cabinets, ss appliances and granite countertops features an extra deep stainless kitchen sink, recessed lighting and stylish grey engineered wood flooring.++++ There is also a door in the kitchen that opens out on to the spacious 2-tiered rear deck which features a table with bench seating, gardening work area and trellis, all of which overlooks the expansive back yard with mature plantings that creates a sylvan environment.++++
The upper level, with new double paned windows, includes 2 spacious bedrooms with hardwood floors. The primary bedroom closets have built-in organizers, and the 2nd bedroom has a closet as well as under eaves storage space. The updated hall bath features ceramic tile floors and a tub/shower. ++++ The lower-level features ceramic tile flooring, a recreation/sitting area, washer and dryer, an updated bathroom with spacious ceramic tiled walk-in shower and a large bonus room/bedroom with loads of light and French doors to the back yard.++++
The house is nestled in the Northwood neighborhood while being a block and 1/2 off Colesville Road, which features bus lines and easy access to 495. The Silver Spring Metro is 2.6 miles from the property. +++ There is a driveway for off-street parking, as well as ample street parking. +++ A large and lovely park, with loads of open space and playground is one block away. There's a Safeway located just .02 miles away on University Blvd. The Woodmoor Shopping Center is .03 miles away at Colesville Road and University Blvd and includes CVS, Starbucks, Woodmoor Pastry Shop, Chipolte, Medstar Urgent Care, UPS, Woodmoor Cleaners and other conveniences. ++++
*Updates*: Refrigerator:2016,++ Roof Replacement:2017,++ Dryer:2018,++ Stove:2018,++ Dishwasher: 2018,++ Boiler:2019,++ Washer:2023,++ Microwave:2023,++ New double paned windows in upper-level:2024,++ Three new window a/c units:2024,+++ Freshly painted:2024.
+++Come make this lovely house your new home! +++
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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%.
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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.
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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