70
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14221 NORTHWYN DRIVE
About This Property
One of the standout features is the spacious rear sunroom addition featuring large windows, skylights and sliding glass door providing direct access to the backyard. The kitchen includes granite countertops and stainless steel appliances, and recently replaced triple-pane windows can be found throughout the home. The family room has a stone fireplace with wood burning stove as well as a separate nook for a bar or shelving as well as an side entry walk-out.
The finished lower level provides additional living space, a third full bath and a convenient level walkout to the side yard. Outside, the newly privacy-fenced backyard offers a paver patio with a remote-controlled awning for shade, established garden beds, relaxing pergola, and a large storage shed. Additionally, the home has a whole house water filtration system, and a two-car garage with remote entry provides additional parking and storage.
Conveniently located near New Hampshire Avenue and the Inter county Connector (ICC/MD-200), providing easy access to I-95 and other major commuter routes, as well as shopping, dining, parks and recreation throughout the surrounding Silver Spring 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%.
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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 Colesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017