11709 TIFTON DR
About This Property
Renovations and updates abound in this 5 bedroom 3 bath home which sits on a large lot with a fenced backyard on a quiet street.
Inside there's a fully renovated kitchen with all new cabinets, faucet, lighting, and beautiful quartz countertops. The stainless steel appliances have been recently replaced including a brand new dishwasher and microwave. The large, newly installed pantry is a bonus. The spacious breakfast area, complete with sunny bay window, make this room a great place to gather. Also on the entry level are the spacious living room and separate dining room with a sliding glass door leading to the large and recently stained deck. Brand new luxury vinyl plank flooring was just installed throughout the main level.
Upstairs, all bedrooms boast beautifully refinished hardwood floors. The primary suite has a large walk-in closet complete with built-ins, a lighted ceiling fan, and en suite bathroom. Bedrooms two, three and four all feature lighted ceiling fans and built-in shelving in the closets. Completing this level is a stunning, recently renovated hall bath including new tile floor, new vanity and new tub complete with new tile surround!
The lower level features a large family room with new carpeting, recessed lighting and a sliding glass door leading to the patio, yard and deck. An updated full bath, laundry room and the 5th bedroom with its own private walk-up entrance are also on the lower level.
Additional updates include a new roof with architectural shingles in 2022 and the hot water heater replaced in 2019.
Close to Top-Rated schools, multiple houses of worship, Regency Estates swimming pool, Cabin John Park, Grosvenor-Strathmore Metro Station, Montgomery Mall, and a variety of shopping and restaurant options at both Park Potomac and Cabin John Shopping Centers. No HOA fees.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017