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1104 SWEETBAY PLACE
About This Property
The main level offers nearly 2,500 square feet of beautifully proportioned living space. As you enter, formal living and dining rooms welcome you, leading to a rear family room that opens to a bright kitchen and breakfast area in an open-concept design. This home offers a rare combination of both expansive living space and the lifestyle flexibility that comes with main level bedrooms, all with a thoughtfully designed floor plan that includes a lovely primary suite, two full baths as well as a dedicated laundry room. The walkout lower level adds approximately 1,200 square feet and features an expansive family/recreation room, a fourth bedroom ideal for guests or a home office, a full bath, and a large unfinished flex space perfect for storage or future customization. Additional highlights include a deck off the main living area and sparkling hardwood floors throughout the main level.
Poplar Run is an amenity-rich community with beautifully maintained grounds, three swimming pools, a 6,000+ square foot clubhouse, miles of scenic walking and nature trails, a sand volleyball court, and multiple playgrounds. The location offers convenient access to the vibrant dining, retail, and entertainment options of downtown Rockville and Silver Spring. Commuters will appreciate the proximity to Glenmont Metro Station, as well as easy access to the Intercounty Connector (ICC), I-270, and I-495.
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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 Wheaton - Glenmont
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017