22600 FITZGERALD DR
About This Property
Situated on 2.5 acres, with the majority of the land is tucked behind the property in Laytonville but carrying a Gaithersburg address. This home offers privacy and space. The backyard is a true sanctuary, featuring an expansive open area and a patio that extends nearly the entire length of the house, perfect for outdoor living and entertaining.
Inside, the home is equally impressive. The upper level hosts all 5 bedrooms, 3 bathrooms, and a laundry room, creating a convenient living arrangement. The spacious primary suite includes a fully enclosed steam shower, a soaking tub, heated floors throughout the bathroom, and motorized blinds, ensuring a blend of luxury and comfort. The main floor includes a private office or den, a formal living room, dining room, a newly renovated kitchen, a large family room, and a half bathroom. The basement is designed for entertainment and utility with a gym area, a movie room equipped with a conveyed projector and 120" movie screen, 2 bonus rooms, a full bathroom, and ample storage space.
Significant updates have been made to ensure the home is move-in ready. The windows were replaced 10 years ago and come with a lifetime warranty, the roof was newly replaced in 2023, and the driveway was freshly repaved in late 2023.
This sanctuary is prepared to welcome you and your family into a space where comfort meets convenience in a remarkable setting.
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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