11617 PINEY LODGE RD
About This Property
This home is located in the highly acclaimed Thomas S. Wootton High School and Robert Frost Middle School district, and Dufief Elementary School is just a short walk away. The neighborhood has many amenities to enjoy, such as the Muddy Branch hiking trail, tennis and basketball courts, soccer fields, and parks. The house is conveniently situated in Maryland's Biotech/Pharma corridor, in proximity to top companies like AstraZeneca, GlaxoSmithKline, Novartis, and more. It's only 3 miles from NCI and Adventist HealthCare Shady Grove Medical Center. For shopping, dining, and entertainment, you have plenty of options nearby, such as the Kentlands with Whole Foods, Chick-fil-A, Lowes, and Cinepolis Luxury Cinemas Gaithersburg, Travilah Square with Trader Joe's, and the RIO Washingtonian Center with Target, Kohl's, and AMC. The home is also conveniently located 3 miles from I-270, offering a quiet retreat while remaining conveniently close to major commuting routes.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 27, 2024 | Sold | ||
| Sold | |||
| Feb 23, 2024 | In contract | - | |
| In contract | |||
| Feb 19, 2024 | Price Decreased |
$729,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Feb 13, 2024 | Relisted | $739,000 | |
| Relisted | |||
| Feb 7, 2024 | In contract | - | |
| In contract | |||
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About North Potomac
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017