12204 CHESTERTON DRIVE
About This Property
The property sits on a corner lot with a large yard that wraps around the home. Mature trees and a diverse mix of plantings create a quiet suburban setting that offers privacy without requiring heavy maintenance. The outdoor spaces have been thoughtfully planned over the years and provide a peaceful backdrop throughout every season.
Inside, the home offers four bedrooms, two full bathrooms, and one half bathroom with almost 3,000 square feet of living space. The split level design includes the very desirable fourth lower level, multiple gathering areas, and fireplaces that allow for flexible living and comfortable entertaining. The lower level also includes two separate entrances, one leading directly to a rear patio and another side entry that adds convenience for guests or creates the potential for an in law suite or future income producing space.
A standout feature of the backyard is the pond and water feature, which offers a constant calming sound and creates a private outdoor retreat. Off the dining area, a fenced deck provides space for grilling, hosting, or quiet evenings outside. The indoor bar on the lower level adds another layer of charm and reflects the type of family gatherings and celebrations that have taken place here over the years.
The home has been well maintained and is fully move in ready. It is priced to give future buyers room to update and personalize as desired. In this neighborhood, renovated homes can reach values closer to the six hundred thousand range, and the list price reflects the opportunity for long term value. While offered in as is condition, the sellers invested more than twenty thousand dollars in drywall work and prep to ensure the home presents at its best.
This property represents years of pride and stewardship. It is ready for its next owners to continue that legacy and create new memories in one of Prince George's County's most welcoming communities.
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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 Kettering
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017