12508 MILLSTREAM DRIVE
About This Property
Step into an open living room where the cathedral ceiling creates an airy feel and the wood-burning fireplace adds a cozy backdrop for quiet evenings or seasonal entertaining. Just off the kitchen, the added family room gives the layout a true "love how you live" feel-set it up for movie nights, game day, hobbies, a workspace, or a relaxed place to recharge.
With three bedrooms and two full baths, the renovated interior blends updated finishes with everyday practicality. The attached garage and additional driveway provide convenient off-street parking, storage, and space for guests.
Outside, the open patio and expansive yard invite you to dine al fresco, garden, host a barbecue, toss a ball, or simply enjoy a little more breathing room. Close to shopping, dining, parks, and major commuter routes, this Bowie home makes it easy to enjoy both the comforts of home and the convenience of the surrounding area.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2026 | Price Decreased |
$529,900
↓ $18K
(3.3%) | |
| Price Decreased | |||
| Aug 6, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $548,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Aug 19, 1994 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017