11005 DRUMM AVE
About This Property
A versatile floor plan on the main floor of the home includes a light-filled family room with a fireplace, an adjacent private den with new floors lighting, and built-ins, great for home-office, playroom or library. A formal dining room for hosting dinners and a fabulous remodeled kitchen, with ample cabinet and counter space, gas cooking, and a sun-filled cheery breakfast room overlooking the outdoor deck and yard! A convenient half bath is also located on the main level. The upper level features three generously sized bedrooms and an updated full bathroom. The lower level of the home includes a spacious rec room with a remodeled full bath, offering a great area for entertainment or a guest suite. There's ample storage space combined with laundry facilities for added convenience, and a spacious one-car garage providing secure parking and additional storage options.
The private and expansive outdoor area is perfect for both relaxation and entertainment. The well-maintained lawn area is ideal for outdoor activities, while the beautiful deck is designed for barbecues and enjoying the outdoors. The fully fenced yard ensures privacy.
Situated in the desirable Kensington neighborhood, this home offers proximity to schools, parks, shopping centers, and dining options. Also a super convenient access to major commuter routes and public transportation.
Some of the updates include: new hot water heater 2019; new roof 2020; new air handler and furnace in 2023; expanded driveway with new retaining wall in 2017 ; French drain and sump pump 2018; new Trane condenser unit and evaporator coils installed in 2018; new floors installed in kitchen and den 2024.
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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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About Wheaton - Glenmont
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017