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216 BOOKHAM LANE
About This Property
The family room centers on a wood-burning fireplace with stone surround and recessed lighting, creating a natural gathering focal point. A spacious deck off the family room extends outdoor living. The rear yard includes split-rail fencing with wire to help contain pets.
Upstairs, all bedrooms are carpeted. The primary suite includes a ceiling fan, walk-in closet, and an updated primary bath with glass shower doors. Three additional bedrooms each have a lighted ceiling fan and share the second full bathroom.
The finished basement adds bright, flexible space with track and recessed lighting, a built-in wall unit, and a full bathroom with washer and dryer included. Mechanical systems include a gas furnace and gas water heater.
Attached two-car garage plus driveway and street parking provide ample vehicle accommodation.
Conveniently located near Shady Grove Metro (Red Line) and MD-200/ICC, with quick access to commuter routes. Nearby parks and trails support outdoor recreation, while a La Petite child care center is just around the corner for added convenience.
Seller has directed a Saturday, 5pm offer deadline.
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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 Gaithersburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017