85
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205 TULIP DRIVE
About This Property
Lovingly maintained home just minutes from historic Olde Town Gaithersburg, local parks, Bohrer Park at Summit Hall Farm, schools, shopping, restaurants, and major commuter routes. This spacious four-level home features three bedrooms, including a primary suite, two full bathrooms, family room with a cozy gas fireplace, recently replaced roof, one-car carport with a large concrete driveway, hardwood floors, large workshop complete with workbench, vice, & shelving, replacement double-pane windows, a welcoming front porch, plus a large rear porch overlooking an expansive, landscaped backyard-all on nearly one-third of an acre! Curb appeal is an understatement! HURRY, this special home will not last!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017