24 CULLINAN DR
About This Property
entry foyer leads to a spacious footprint which include a large living room, formal dining room, big family room, roomy table-space kitchen, and access to the attached garage. Upstairs features four spacious bedroom including a large primary suite and two full baths. Highlights of the lower level include a generous recreation room with a floor-to-ceiling masonry fireplace, a third full bath, and plenty of space for storage. Newer windows, the private driveway, quiet street, and expansive yard are more of this lovely home's special features. The excellent location offers close proximity to countless dining, shopping, and entertainment options as well as to I270, the ICC, and the Metro.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 12, 2023 | Sold | ||
| Sold | |||
| Aug 3, 2023 | In contract | - | |
| In contract | |||
| Jul 29, 2023 | Listed by The List Realty | $549,900 | |
| Listed by The List Realty | |||
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About Gaithersburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017