11524 CHARLTON DRIVE
About This Property
A few steps up from the living room is a fabulous family room with a vaulted ceiling, wood floors, and access to the living room, breakfast room, and enclosed porch.
The upper level offers five bedrooms, two updated bathrooms, a laundry room, and the primary suite. The primary bedroom has newly refinished flooring, a ceiling fan, generous closet space, and a beautifully remodeled porcelain tile bathroom.
The lower level provides even more living space, featuring a recreation room with recessed lighting and luxury vinyl flooring, along with two sizable bedrooms with overhead lighting and egress.
The exterior boasts a great side deck off the mudroom, an incredible two-tiered enclosed porch with abundant entertaining space, and a sports court with a basketball net. The double-wide driveway easily accommodates multiple vehicles.
Perfectly located on a quiet street, this home is ideally positioned near Kemp Mill Shopping Center, Wheaton Regional Park, Northwest Branch Park, Wheaton Ice Arena, horseback riding trails, scenic biking and walking paths, and the Wheaton Library. With easy access to Georgia Avenue, Columbia Pike, and public transportation, this outstanding property offers both space and convenience in a sought-after location.
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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