13123 SERPENTINE WAY
About This Property
Located in one of Silver Spring's most sought-after neighborhoods, this 5-bedroom, 3.5-bath home offers space, functionality, and endless potential. The main level features a family room with a fireplace, formal living and dining rooms, a spacious kitchen, main-level laundry, and access to a large deck overlooking a private, tree-lined backyard.
Upstairs are four generously sized bedrooms and two full baths. The finished walkout basement includes a private bedroom and full bath, ideal for an in-law suite, nanny quarters, or guests.
Priced to reflect cosmetic updates needed, this home presents an excellent opportunity to personalize, renovate, and build equity in a prime location. Ideally located for commuters, the neighborhood provides quick access to the ICC/MD-200, Route 29, and I-95, along with an excellent selection of shopping, dining, and entertainment options. Sold strictly AS IS.
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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%.
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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 Fairland
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$2,300 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017