24005 PREAKNESS DRIVE
About This Property
Welcome home to 24005 Preakness Drive-an inviting, move-in ready residence in the sought-after Sweepstakes community and school district of Damascus. Lovingly maintained by long-time owners, this home shines with fresh paint throughout, updated lighting, and brand-new carpet. Enjoy a bright, airy layout offering 3 bedrooms, 2 full baths, and 2 half bath, plus the convenience of a 2-car garage. The main level is designed for comfortable everyday living and easy entertaining, featuring spacious living and dining areas and a cozy family room with a wood-burning fireplace and built-in cabinetry. Just off the main living space, step into a charming three-season sunroom-perfect for relaxing. The kitchen is newly stylish and functional with white cabinetry, new quartz kitchen countertops, and stainless steel appliances all upgraded in 2025! Upstairs, you'll find three generously sized bedrooms, including a private primary suite with its own full bath with luxury of heated floors, new quartz vanity countertops (2025), along with a full bath, two additional bedrooms ideal for guests, a home office, or flexible living space. The finished lower level freshly painted adds even more versatility, featuring a workshop room, laundry area, a half bath, and a walkout sliding door leading to the backyard-great for indoor-outdoor living. Other recent upgrades include but not limited to a new roof (2022 ) new windows (2016 ) new house siding ( 2016) and electric panel with whole house surge protector (2022 ). Tucked on a quiet street yet close to parks, shopping, dining, and major commuter routes, this home offers the perfect blend of tranquility and convenience. A wonderful home opportunity with endless potential for the next owner!
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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%.
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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 Damascus
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017