2949 TERRACE DR
About This Property
Picture cozy evenings by the fireplace in the living room, which flows seamlessly into the sitting room and dining area, complete with handy cabinets. The wood floors are absolutely stunning. The kitchen is white and bright, with new appliances and countertops. Natural light streams in from the skylight, making everything feel warm and inviting. Plus, there are French doors leading to your very own expansive deck, offering gorgeous views of the tree-lined surroundings. You'll be the host with the most, thanks to the easy kitchen access for entertaining your guests.
The primary bedroom is a true suite, complete with a private bathroom. You'll also find two more well-sized bedrooms on the main level, along with another bathroom. Need a fourth bedroom? Head downstairs to the basement, where you'll discover it, along with a spacious rec room featuring two window bay sitting benches and a handy desk. There's even a lower-level bathroom for added convenience.
No need to worry about parking because there's a 3-car driveway. And for those who crave outdoor space, the large, level, private rear yard is a dream come true. Don't wait too long – this place won't stay on the market for long!
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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 |
|---|---|---|---|
| Nov 28, 2023 | Sold | ||
| Sold | |||
| Sep 28, 2023 | In contract | - | |
| In contract | |||
| Sep 19, 2023 | Listed by Long & Foster Real Estate, Inc. | $850,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017