1808 BELVEDERE BLVD
About This Property
The walk-up, lower level was transformed into an exceptional living area, featuring a large recreation room or bedroom area with luxury vinyl plank (LVP) flooring, a second wood-burning fireplace, and recessed lighting. A second full bath, with a glass-enclosed shower and ceramic tile flooring, adds convenience and luxury. The lower level also offers an expansive storage room, easily convertible into another bedroom/den, along with an additional storage/utility room with built-in shelving and a large storage closet. A custom pantry along the stairs and full size washer and dryer complete this thoughtful design.
The professionally landscaped and fully fenced rear yard is perfect for outdoor entertaining, with a patio, storage sheds, and eco-friendly water barrels with customized downspouts for added lawn/garden irrigation. The driveway provides off-street parking and even includes an added EV charging station. The home's many updates, such as a new water heater (2023), replacement windows (2006), replaced roof and upgraded HVAC system, ensure comfort and peace of mind, along with great costs savings. Just moments from DC, Downtown Silver Spring, Bethesda and more the home is situated in a commuters dream location. Look no further.....Welcome Home!
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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.
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About Forest Glen
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017