10212 CALUMET DRIVE
About This Property
The combination living/dining room is adjacent to the table space kitchen. Two bedrooms on the main level have access to a hall bath with a step in tub with hand held shower. *****
Upstairs features two bedrooms, a bath ensuite in the master bedroom with a long vanity plus a utility room with laundry. *****
The large flat backyard includes a shed and brick grill with a fence around the rear. The garage has an access door to the yard as does the porch. Beautiful landscaping includes azaleas. *****
Updates include a new HVAC system and humidifier, new hot water heater, updated lighting, new kitchen flooring, new carpet and vinyl flooring upstairs and fresh paint. Refinished hardwood runs throughout the main level. *****
Excellent location, right off Dennis Avenue, two miles to Forest Glen Metro. Short walk to Sligo-Dennis Avenue Local Park with trails, tot lot, tennis courts, recreation center and basketball courts. Bus service to Silver Spring Metro/MARC. Great commuting location close to University Blvd, Colesville Rd and 5 minutes to the Beltway. Close to Holy Cross Hospital and Downtown Silver Spring. No HOA.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 20, 2022 | Sold | ||
| Sold | |||
| Mar 31, 2022 | Listed by RE/MAX Realty Services | $490,000 | |
| Listed by RE/MAX Realty Services | |||
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About Kemp Mill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017