1606 N SPRINGWOOD DRIVE
About This Property
Stepping inside, you're instantly taken with a cozy feeling of "home." The warm wood floors throughout the home shine with the natural light beaming in from the oversized windows. The main living room is the perfect spot to cozy up with a good book off the shelves of the built-in bookshelves flanking the wood burning fireplace. Two generous bedrooms with windows on two sides are located on this floor along with the full, windowed bathroom with original tiling and tub/shower. Linen and coat closets are on this level adding storage and ease. A walk-up attic provides plentiful storage options.
The lovely kitchen is a true highlight, with its blue trim, original cast sink and light fixtures, all complemented by a new gas range and refrigerator. Just off the kitchen, you'll find a handy pantry, ideal for all your storage needs, and a full-size stackable washer and dryer. The large dining room, with its double doors, opens up to the covered porch and fenced backyard, providing seamless indoor-outdoor living and entertaining space. An optional third bedroom, office or recreation room and half bathroom complete this level. An off-street parking space completes this beautiful home.
At home, you feel you're in the English countryside, while convenience is just outside your door. Just blocks away, you have the Silver Spring Metro and Marc Station (and incoming Purple line) adding commuter convenience, as well as downtown Silver Spring offering tons of dining, shopping and grocery options, not to mention movie and music venues and a weekend Farmer's market. Easy access into Bethesda and DC and just down the road from I-495. Runner's, bikers and trail enthusiasts have Rock Creek Park just a short distance away. This home truly is a cozy and convenient paradise.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Oct 31, 2025 | In contract | - | |
| In contract | |||
| Oct 23, 2025 | Listed by Compass | $575,000 | |
| Listed by Compass | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017