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108 THRIFT STREET
About This Property
Inside, hardwood flooring extends from the foyer into the spacious living room, with custom built-ins, crown molding & chair rails, and continues throughout the main and upper levels. The updated eat-in kitchen is appointed with granite countertops, 42" glass-front, lighted cabinets, stainless steel appliances, wine fridge, gas range, ceramic backsplash, and a convenient breakfast bar, opening to a generous dining area enhanced by beautiful built-in cabinets & a corner gas fireplace.
The kitchen offers direct access to the fully fenced backyard and patio-an ideal setting for outdoor dining, entertaining, play, or quiet relaxation. An updated powder room featuring stylish wooden vanity, and designer fixtures, along with a roomy coat closet, completes the main level.
Upstairs, the sun-filled primary suite features a lighted ceiling fan, a spacious walk-in closet with a custom organization system and its own window, and an updated en-suite bath with granite countertops, a deep-soaking jetted tub, and attractive lighting and fixtures. Two additional generously sized bedrooms offer ample closet space, while the beautifully updated hall bath includes a new vanity, hardware, lighting, and mirror. The laundry is conveniently located on the bedroom level, as well.
The finished lower level offers exceptional flexibility with an expansive recreation room featuring brand-new neutral carpeting, recessed lighting, and daylight windows. A third full bath with a glass-enclosed shower makes this level ideal for guests, a home office, exercise space, or additional living quarters. The spacious utility area offers shelving & abundant storage. Brand new electric panel with 20-year warranty; newer cedar shake roof and HVAC systems. Home also has Nest doorbell, surround sound speakers, charcoal filter, and surge protector in basement. Kitchen Renovated in 2004 and Primary Bathroom renovated in 2018-2019.
Outside, the beautifully landscaped and enclosed stone patio provides a private retreat and convenient access to the detached garage.
Perfectly positioned near Kentlands lakes, parks, and scenic walking paths, this exceptional home is just moments from the community's popular shops, restaurants, and countless amenities, with easy access to major commuter routes.
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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 Gaithersburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017