203 MEADOWGATE TER
About This Property
The home has may updates including an updated Bryant Comfort HVAC system in March 2022 freshly painted inside and out March 2023. In addition, the home has new LVT flooring throughout the first level and new carpeting and padding throughout the rest of the home installed March 2023.
The main levels feature a cozy wood burning fireplace in the living room. The living room has an open dining area. There is also an additional sitting room that can be used for an office. The French doors lead to the private backyard and patio.
The kitchen is open to the living area and has matching Stainless Steel Appliances, granite countertops and white cabinetry. There is a pantry off the kitchen as well as the half bath.
The upstairs has 3 bedrooms and two full baths. The owner's suite full bath had a complete update in 2018.
The finished basement also has a full bath, and the laundry room has plenty of room for all of your storage needs.
There is a one car detached garage and room to park a second car in the driveway. There is also guest parking in the cul dec sac.
The HOA covers the pool, tennis and pickleball courts, the tot lots and the walking trails, snow removal and trash.
This neighborhood is conveniently located near Shady Grove Road and is just minutes from I 200 and I270.
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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 Gaithersburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017