114 SUNNYSIDE RD
About This Property
Stepping in, you are met with warm refinished wood floors in the large formal living room and tons of natural light. Just off the living room is a generous dining room with views out the window to Sligo Creek Park. The updated kitchen, with a window overlooking the backyard, features gas cooking, stainless steel appliances and sleek black countertops. Tucked away just beyond the kitchen is a cozy den and half bath. A door off the den leads you to the beautiful large patio and yard this home features.
The upper level has 3 bedrooms with light streaming in on the warm wood floors. The primary suite has double custom built in closets. One large full bathroom finishes the upper level. The completely renovated lower level is an amazing gathering space (and guest space) with custom built-ins featuring a sliding wall to unveil a murphy bed, additional play space, as well as a stunning full bathroom. The washer and dryer are on this level.
In the last 4 years, the owners have replaced the washer, refrigerator, dishwasher, and HVAC. They have also completed a heavy up.
The location provides incredible proximity to Sligo Creek Park (and brand new playground) and is a neighborhood gathering spot on the weekends. Trails weave through Sligo Creek creating a natural and peaceful retreat from city life. This home is also located just between Downtown Silver Spring as well as Takoma with plentiful restaurants, grocery stores, shopping and coffee shops.
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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 Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017