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12317 MIDDLE ROAD
About This Property
Renovated, move-in-ready rambler/ranch-style detached single-family home with fully finished basement!!! Two full, modern bathrooms, new luxury vinyl plank flooring, refinished hardwood floors, fresh paint inside and out, recent roof, newly replaced main sewer line, central air-conditioning, huge storage shed, an attached carport & long driveway, and fenced backyard!!! Two "potential sleeping areas" in the basement, all so conveniently located within 3 miles of two METRO stations, the Kensington MARC commuter trail station, Wheaton Westfield mall, Winding Creek Park, Veirs Mill Shopping Center, and so much more!!! Hurry, it will not last!!!
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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