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11112 NICHOLAS DRIVE
About This Property
Outside, the fully fenced backyard feels like a private retreat. Extensive landscaping, a peaceful pond, raised vegetable beds, pollinator-friendly gardens, and seasonal blooms create a setting that has been lovingly cultivated over many years. An irrigation system helps keep everything thriving, while the deck and screened porch provide perfect spaces to relax, entertain, or simply enjoy the quiet beauty of the garden.
Located in a warm and welcoming neighborhood with a true sense of community, neighbors gather on evening walks while enjoying nearby parks, playgrounds, and bike paths. Sligo Creek Park sits right at the end of the street, and everyday conveniences - including a kosher grocery, bakery, restaurants, and shops - are all within easy reach. Commuting is remarkably convenient with multiple routes into downtown DC, nearby Wheaton Metro access, a ride-on bus stop close by, and the future Purple Line offering even greater connectivity to Bethesda and NIH.
Wheaton's celebrated dining scene is another local favorite, offering an incredible variety of beloved spots: Ruan Thai, Ren's Ramen, Mi La Cay, El Pollo Rico, and many more. Frank's Pizza is a must!. Combined with a solar system for added efficiency and a setting that encourages connection both indoors and out, this home offers a lifestyle that is increasingly hard to find.
Seller reserves the right to accept an offer at anytime.
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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