10304 RIDGEMOOR DRIVE
About This Property
The main level provides more space and flexibility than a typical layout. It features a bedroom and full bathroom, ideal for guests or main-level living. A bright side sunroom offers versatile use as a playroom, home office, or sitting room. The living room includes a wood-burning fireplace and flows effortlessly into the light-filled kitchen and separate dining room.
The upper level includes two spacious bedrooms and a full bathroom, with hardwood flooring and abundant natural light throughout.
The recently finished lower level adds valuable living space, complete with new carpet, recessed lighting, and an additional full bathroom-perfect for a recreation room, guest space, or home gym.
Woodmoor is a highly sought-after community in the heart of the Four Corners area of Silver Spring. Neighborhood amenities and activities include a 4th of July parade, Oktoberfest celebration, park, tennis courts, basketball courts, access to trails, and more. The location offers easy access to I-495, downtown Silver Spring, public transportation, the ICC, FDA, shopping, dining, and an array of additional conveniences.
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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