11721 KING TREE STREET
About This Property
The main level includes three bedrooms and an updated full bath, providing flexible options for bedrooms, guest space, or a home office. The finished lower level expands the living space even further, with two additional possible bedrooms or flex rooms, a second full bath, and a large laundry and utility room complete with an oversized utility sink, ideal for storage, hobbies, or household projects.
Outside, enjoy a long private driveway that allows parking for multiple cars, a detached garage, and a large fenced backyard ready for play, gardening, or relaxing evenings outdoors. The enitre interior and exterior of the home have been recently painted. Conveniently located with Ride On bus stops just steps away, MetroBus access along Georgia Avenue and Veirs Mill Road within a half mile, and Wheaton Metro and Westfield Wheaton Mall just over a mile away, this home offers both comfort and exceptional accessibility.
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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.
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About Wheaton - Glenmont
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017