11409 FAIROAK DRIVE
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 23, 2025 | Sold | ||
| Sold | |||
| Mar 21, 2025 | In contract | - | |
| In contract | |||
| Mar 5, 2025 | Listed | $549,000 | |
| Listed | |||
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Awesome value. Rarely available sun-drenched rambler on quiet street. Great home, whether you are a first time home buyer or downsizing home buyer. Family room addition off the kitchen. Bump out from kitchen is a living area with a fireplace, a skylight and there is a door to the deck . Deck overlooks fenced rear yard. Kitchen was renovated in '09; roof in '10; windows = '08. Heating and A.C. estimated to be roughly 7 years old Spacious daylight lower level above grade: rec. room; workshop; huge laundry area; powder room; possible to add a room; 2 lower doors lead to the yard. According to the sellers the retaining wall is the neighbor's property. Several neighborhood parks, Northwest Branch Trail, and Kemp Mill Shopping Center. Convenient access to public transportation, ICC- MD200, I-495, Brookside Gardens. Close to Wheaton Ice Arena, horseback riding, biking and walking trails, and the Wheaton Library. Lots of local shopping! Shopping, Minutes to downtown Silver Spring, Kensington, and Wheaton. Easy commute to DC, VA. Near Metro, Costo, beltway,highway
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| Nov 25, 2015 | Sold | ||
| Sold | |||
| May 2, 2002 | Sold | ||
| Sold | |||
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About Kemp Mill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017