12821 TERN DR
About This Property
This home is ideally set back from the street, front yard features mature trees and beautiful landscaping. As you step into this home, you are greeted by a soaring 2-story foyer leading to the formal living and dining room. The kitchen highlights granite countertops, new refrigerator, double ovens, gas cooktop, center island, bar top seating and a large space for table in the breakfast area. From this level you have access to the large recently updated deck which overlooks an expansive landscaped fenced in yard surrounded by gorgeous mature trees that provide privacy and makes the area perfect for entertaining. Adjacent to the kitchen is an inviting family room with fireplace, a powder room, an office/bonus room with closet space and down the hall you have access to the attached two car garage. Upstairs you will find a large owner's suite with seating area, vaulted ceilings, walk-in closet, an ensuite primary bath, renovated shower with custom tiles and an oversized soaking tub. Three additional bedrooms with brand new carpet, an additional full hall bath and plenty of storage complete the upper level. The lower level is a walk out basement with a 5th bedroom, full bath, wet bar/kitchen for entertaining and a recreation/exercise area. This home is conveniently located with easy access to great shops and restaurants in the area including Potomac Valley shopping center & downtown Kentlands!
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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 North Potomac
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017