2649 CORY TERRACE
About This Property
Run, don't walk, to this spacious 4-bedroom, 2-bath Rambler with a large two-story addition sited on a .34 acre lot in sought-after Wheaton - Glenmont area of Silver Spring! This charming home features hardwood floors throughout the main level, a bright and open layout, and plenty of room to spread out. HUGE walk-out lower level includes a large rec room with new LVP flooring, full bath, laundry and tons of storage space including a large customizable space for a workshop or whatever you desire. Enjoy the fully fenced, oversized backyard-perfect for entertaining. Driveway parking adds extra convenience. A fantastic location close to Metro, parks, shopping, and commuter routes!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017