1415 FALLSMEAD WAY
About This Property
The home has newly refinished hardwood floors, new recessed lights, ceiling fans, and fixtures. There are five bedrooms on the upper level and a fully finished lower level that includes new luxury vinyl plank flooring and a new half bath. All other bathrooms were completely renovated in July 2025.
The separate laundry room is roomy and includes a second refrigerator, and the home features a two-car garage. Major systems have been updated, including windows, and most recently, a new HVAC system in 2021.
Around the block, you will find access to a trail leading to a private community park, tennis courts, walking trails, a pond, playgrounds, and a pool. Tree-lined streets with sidewalks are perfect for strolling with the kids and pups! Public bus service is available to take you to Metro in just 8 minutes. Commuting is easy with I-270 close by. Shady Grove Hospital and the shopping areas of Park Potomac and Fallsgrove are also nearby. Located in the Wootton school cluster, with all 3 schools within walking distance! This friendly community has many social activities as well as a swim team. Don't miss the opportunity to own this gracious, turnkey home that's ready for you to move right in!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017