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1111 MEURILEE LANE
About This Property
A welcoming brick walkway leads to the front entrance, while a stone pathway gracefully wraps around the exterior of the home, bordered on one side by gorgeous blooming azaleas and on the other by lush hydrangea bushes, creating a beautiful transition to the private backyard.
Step inside to a freshly painted interior where you'll immediately appreciate the bright and inviting living room, which flows seamlessly into the formal dining room. A beautiful bay window fills the dining room with natural light while offering lovely views of the front yard.
The expanded kitchen is designed for both everyday living and entertaining, featuring abundant white cabinetry, granite countertops, a butcher block center island, cooktop, double wall ovens, and exceptional storage. Just off the kitchen, step outside to the spacious rear deck overlooking the backyard, the perfect setting for outdoor dining, relaxing, or entertaining family and friends.
Hardwood floors extend throughout the living room, dining room, and the entire upper level. Upstairs, you'll find three sun filled bedrooms and a beautifully renovated full bathroom.
The finished lower level provides additional living space with a freshly painted family room, a renovated full bathroom, and flexible space for recreation, a home office, or guests.
Ideally located just moments from Sligo Creek Park's miles of hiking and biking trails, playgrounds, tennis courts, and outdoor recreation, this move in ready home offers the perfect combination of charm, space, and convenience. The Forest Glen Metro is just over a one mile walk away, and access to I 495 is approximately one mile from the home, making commuting throughout the Washington, DC region exceptionally convenient.
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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