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12007 LEATHERBARK WAY
About This Property
Enter the large table space kitchen with access to your separate wood floored dining room or wood floored family room perfect for entertaining family and friends with gas fireplace and mantel. There is also a pantry, ceramic tiled floors, stainless steel appliances; New Wall Oven and Built in Microwave, Bosch Dishwasher, Electric Cook top, Granite counters to name a view of the many features that would appeal to the fussiest chef in your family. This special homes' main level also has a dramatic 2 story family room with 3 skylights and access into your fenced rear yard with ground level deck, 1/2 bath with ceramic tiled floors, separate living and dining rooms with wood floors and access into your spacious 2 car garage with automatic openers and built-in storage wall cabinets.
The fully finished lower level features all New top of the line Berber carpet and fresh paint, a large separate laundry room with young LG branded Front Loading Washer and Gas Dryer both with pedestals and additional storage, 3rd Full Bath, Recreation Room, and a possible future 5th Bedroom but currently a Library with built in book shelves. There is also an exterior window that was drywalled and boarded up by the previous owners in the Recreation Room.
The upper level boasts 4 Bedrooms and 2 full baths. The owners suite has a ceiling fan, walk-in closet with attic access, private bath with separate shower, soaking tub and double sink with ceramic tiled floors. There are also 3 additional bedrooms and a 2nd full bath with ceramic tiled floors on this upper level.
A short walk to Gunners Lake and walking paths in one direction on Waring Station Rd. Walk the other direction on Waring station Rd and you come to Basketball Courts, Field and Tot lot. Easy access to all major roads in the area, shopping, Marc train and the Red Line at Shady Grove Metro.
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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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About Germantown
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017