2604 SPENCER RD
About This Property
Step outside onto the large, comfortable composite deck, which is perfect for summer dinners outside, or enjoy BBQing on the patio in the back. The large back yard features raised beds for gardening and provides ample space for outdoor activities. You'll also enjoy significant savings and rebates thanks to the 5.7-kilowatt solar panels installed on the roof.
Inside, you'll find a large addition on the rear of the home, featuring ceramic tile floors and a full, renovated bathroom. A mudroom addition with an exterior exit was added to the basement for added convenience. The basement also features a ceramic tile floor and the hardwood floors throughout the rest of the home were refinished in 2018.
Other notable features include a new roof with a transferable warranty to 2065 and an electric vehicle charging station (EVSE). You'll love the location too, with Rock Creek Park just a stone's throw away, featuring miles of hiking trails, a community center, and playground. You're also just a short distance from Parkway Deli, the Daily Dish, sports club, and market, and public transportation is easily accessible. Join the friendly and supportive neighborhood community and make this wonderful property your next home!
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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 Silver Spring
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$3,700 /mo
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$3,800 /mo
- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017