10403 CONOVER DRIVE
About This Property
Upstairs, you'll find three bright bedrooms, all with hardwood flooring and overhead lighting. The primary suite includes two closets and a stylish renovated private bath featuring pebble stone flooring. A second updated full bath with modern glass tile accents serves the additional bedrooms. The upper level also features wood floors throughout, adding to the home's warmth and continuity.
The lower level provides even more living space with a bright, spacious family room showcasing tile flooring and two walls of windows that bring in natural light. Just down the hall is a fourth bedroom or ideal home office, a half bathroom, and laundry.
The private driveway offers easy off-street parking, while a storage shed adds extra functionality. The mature landscaping, including colorful plantings throughout the front and backyard, creates a peaceful outdoor setting with curb appeal. Enjoy being just a block and a short trail walk from Capitol View-Homewood Park and Homewood Dog Park, as well as steps to Oakland Terrace Elementary (home of a Spanish immersion program), Glenwood Pool, and several other parks. You're also just over a mile to Wheaton Metro and Westfield Mall, with numerous stores, restaurants, health clubs, and theaters nearby.
With easy access to the Beltway, downtown Silver Spring, and major commuter routes, this home offers the perfect blend of location, comfort, and space in one of Silver Spring's most desirable neighborhoods.
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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.
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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017