2205 DENNIS AVE
About This Property
Welcome to this delightful single-family home located in the heart of Silver Spring. This charming residence boasts two gracious bedrooms (with easy potential for a 3rd in the lower level) and two full bathrooms, offering a comfortable living space for you to enjoy. You are greeted by a beautiful south-facing front porch, perfect for relaxing and taking in the surroundings. Additionally, a raised back deck provides a lovely spot to unwind while overlooking the expansive fenced-in yard.
Step inside, and you'll be welcomed into a light-filled living room featuring an inviting wood-burning fireplace. The living room seamlessly transitions into the dining area, which includes convenient built-in cabinetry. Adjacent to the dining area, the updated kitchen awaits, showcasing granite countertops and modern stainless steel appliances. The main floor encompasses the two bedrooms and a full bathroom, providing ample accommodation for your needs. Meanwhile, the fully finished basement has its own full kitchenette and a separate back entrance. This space also includes a versatile den/office area, with potential for bedroom conversion, a full bathroom, a bonus room, and generous storage facilities. Not to mention, there's a fantastic separate laundry room complete with a sink!
This home's location is truly desirable, allowing for easy walkability to the revitalized Wheaton area. Explore nearby parks, playgrounds, and the picturesque Sligo Creek trails. Additionally, you'll have quick access to a plethora of dining options, breweries, shops, and cultural activities in downtown Silver Spring, Kensington, and Wheaton. Commuting is a breeze with convenient proximity to I-495, and you'll find yourself just minutes away from Forest Glen Metro, Wheaton Metro, and the Marc Train.
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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 Wheaton - Glenmont
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017