10517 LORAIN AVE
About This Property
This delightful residence boasts 3 bedrooms, 2 dens, and 3 full bathrooms, with updates throughout. The main level features beautiful hardwood floors, a cozy fireplace, and a gourmet kitchen that will inspire your inner chef. The primary bedroom suite on the second level is a true retreat, with an ensuite bathroom, a den, and an abundance of natural light streaming through three skylights and a stunning stained glass window.
The basement offers a large rec room, an additional den, and a utility room that provides ample storage space. Enjoy the convenience of off-street driveway parking and generous front and backyard spaces. The private backyard is a tranquil oasis with a covered side porch, a storage shed, and a stone patio perfect for outdoor gatherings.
Living in Woodmoor means being part of a community that celebrates together with annual events such as Oktoberfest, Woodmoorstock, holiday decorating contests, and a spectacular 4th of July parade.
Located just minutes from downtown Silver Spring, this home is ideally situated for commuters, with easy access to the Forest Glen and Silver Spring Metro stations, as well as I-495 and I-95. Enjoy nearby amenities including Starbucks, Trader Joe's, Woodmoor Pastry Shop, and the Sligo Trail.
Don't miss this opportunity to become a part of the wonderful Woodmoor community! This home is ready for you to move in and start making memories.
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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