128 LIRIOPE PLACE
About This Property
The home spans three finished levels and includes two covered decks, creating peaceful spaces for relaxation and entertaining. The main level showcases formal living and dining rooms, an open gourmet kitchen with an oversized center island with ample storage, an adjacent dining area, and a spacious family room that opens to a lovely covered deck. An entry-level bedroom provides exceptional flexibility as a guest room or home office.
The upper level offers four bedrooms and two full baths, including a bright and tranquil primary suite with a spa-like en-suite bath. The entry/lower level features a study, a fifth bedroom with a half bath, and access to the attached oversized two-car garage.
Located in the City of Gaithersburg, The Parklands is a pedestrian-friendly community with wide, tree-lined streets and sidewalks. Residents enjoy resort-style amenities including a pool, tennis courts, fitness center, clubhouse, party room, meeting room, and tot lots.
Conveniently situated just minutes from the new I-270 Exit 12 and the MARC Train Station, with Shady Grove Metro approximately a 10-minute drive. Rio, Downtown Crown, Kentlands, and Germantown Town Center are all nearby, offering over 60 restaurants and more than 20 grocery stores within a 10-minute drive. The Shops at Spectrum Center are just a short walk away, providing additional dining, shopping, and entertainment options.
Offering privacy, luxury, and unmatched convenience, this peaceful haven delivers the best of everything and presents a fantastic alternative to the higher-priced Crown Farm community.
Mortgage savings may be available for buyers of this listing.
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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 Gaithersburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017