1821 ARCOLA AVENUE
About This Property
The main level features a chef-grade kitchen complete with stone countertops, stainless steel appliances, and a custom backsplash. During springtime, enjoy gorgeous views of cherry blossoms from the kitchen window. This level also features a gracious, open-concept living/dining room with expansive views of the park, two over-sized bedrooms with large closets, and a recently renovated bathroom. The lower level has been completely renovated and features a recreation/family room with fireplace, third bedroom/office, brand-new luxury bath, and huge laundry room.
Exterior amenities include a carport, covered side porch, large side/rear patio, rear balcony, and stand alone storage shed. Conveniently located adjacent to Wheaton Regional Park, and close to Wheaton Metro (Red Line) as well as major commuter routes (200, 495), and endless shopping/dining options, this property truly has it all and won't last long!
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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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About Wheaton - Glenmont
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017