1603 SANFORD RD
About This Property
Step inside to discover a recently renovated kitchen featuring sleek white shaker cabinets and stunning quartz countertops, perfect for both cooking up culinary delights and entertaining guests. The main level boasts beautiful hardwood floors and recessed lighting, creating a warm and welcoming ambiance throughout.
The spacious basement offers plenty of potential, whether you envision it as a recreational room, home office, or additional living space. Plus, with a convenient half bathroom downstairs, hosting guests has never been easier.
Situated just moments away from downtown Silver Spring, residents will enjoy easy access to an abundance of dining, shopping, and entertainment options. Whether you're in the mood for a gourmet meal or a night out on the town, everything you desire is right at your fingertips.
For commuters, the Forest Glen Metro station is just a short stroll away, ensuring effortless access to the entire D.C. metropolitan area. And for added convenience, Holy Cross Hospital is within walking distance, providing peace of mind for any healthcare needs.
Don't miss your chance to call this prime location in Silver Spring your own. Schedule a tour today and experience the unparalleled charm and convenience for yourself!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 10, 2024 | Sold | ||
| Sold | |||
| Apr 16, 2024 | In contract | - | |
| In contract | |||
| Apr 11, 2024 | Listed by EXP Realty, LLC | $575,000 | |
| Listed by EXP Realty, LLC | |||
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About Forest Glen
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017