10708 LOMBARDY RD
About This Property
On the entrance level impressive double entry doors lead to a large Recreation room - it is very convenient for meeting with family and friends. It includes a 2nd wood-burning fireplace and mantel. A 2nd updated full bathroom is here, making it easy to entertain on the entrance level without intruding into the living spaces above. There's a utility room here also. A garage is built into the basement with an entrance off the hall. It offers a possible expansion of living space if you do not need the garage for parking. The attic is floored for extra storage with new pull-down steps. Most rooms have new blinds that will convey with home.
The rear fenced yard is expansive and very natural with native trees, lots of wildlife, and room to enjoy the sounds in peace. The sellers have enjoyed the varied birds here and the healthy oak trees that form a suburban oasis here. Many interesting trees are planted here and there's room for green thumbs to work more plantings into the spacious yard. You will enjoy gatherings around the fire pit in the rear yard as the evenings turn cooler. There's a rear shed for extra storage. 3 seasons of fun and entertainment to be found here!
Stroll 2 blocks from this home and you will find an entrance to the Northwest Branch Park which can be traveled for miles - northwest and southeast - it's a major tributary of the Anacostia River and offers lots of relaxing hiking opportunities or just a quiet space to walk your pet.
You are a short drive from Trader Joe's, Safeway, and the Beltway. It's a short commute to downtown Silver Spring, Bethesda, I-95, and the University of Maryland.
Don't delay on this move-in ready home!
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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%.
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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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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017