11407 GEORGETOWNE DR
About This Property
Welcome to 11407 Georgetowne Drive in Potomac. This lovingly cared for single family home is waiting for its new owners to move right in! This brick split foyer home has so much to offer! The main level boasts gleaming hardwood floors and tons of natural sunlight. The updated eat-in kitchen features maple cabinets, a tile backsplash, recessed lighting and Stainless Steel appliances. There is a combination living room and formal dining room perfect for entertaining family and friends. On this level, you will find the primary bedroom with an updated primary full bath. Additionally, please see the attached room that can be used as a nursery, home office or converted back to a 6th bedroom! Just down the hall are two additional bedrooms and an updated hall bath. The lower level of the home has two oversized bedrooms. There is a huge family room complete with a wet bar and a 3rd full bath. A sliding door offers great natural light to the space as well as access to the side patio. Lastly, we have a large mechanical/laundry room offering plenty of storage, upgraded closets with Elfa products; as well as another exit to the side yard. The washer and dryer are about three years old. Double glass energy saving windows. The roof is only 3 years old and the furnace was replaced less than 5 yrs ago. The home's assigned schools are: Beverly Farms ES, Herbert Hoover MS, and Winston Churchill HS. This Potomac location is near shopping and restaurants as well as quick access to I270 and 495. Hurry, if you want to make this house your home!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017