300 HIGHVIEW AVE
About This Property
Step into a gracious living room that effortlessly connects to a cozy banquette off the modern kitchen, perfect for casual dining. The open floor plans extends to a vaulted ceiling family room that can also serve as a more formal dining area to entertain. The SW sunlight floods this entire portion of the home! Doors open to a private deck and backyard, creating the ideal indoor-outdoor living space for hosting family and friends. The main level also features two spacious bedrooms and a newly renovated full bathroom with tub. Upstairs you'll find 3 bedrooms and one oversized hallway bathroom that was recently remodeled with heated floors, double sinks and a tub/shower combo. The large primary bedroom easily accommodates a king-sized bed and features a spacious walk-in closet with custom built-in shelves and drawers. The second bedroom fits a queen-sized bed and has one closet. The third bedroom is versatile and can double as a home office or workout space. This room has a closet and a small storage area.
The finished basement offers incredible flexibility, with a powder room (owners explored converting to a full bath), a designated home office/gym area, and a large family room-ideal for movie nights and/or a play space. Plus, a utility room with full sized W/D, and tons of storage. Walk out to a paved driveway and secure 1-car garage, plus a shed for additional storage. For added convenience, the Seven Oaks Neighborhood Park with a playground is at the bottom of the hill. Talk about easy! This home is close to all the best Silver Spring has to offer, a short stroll to Sligo Creek Park, Tennis Courts, and Golf Course; the vibrant weekend farmers' market in downtown Silver Spring, nearby groceries like Whole Foods, Trader Joe's, and Safeway; Top-rated elementary, middle and high schools and popular restaurants like Red Maple, 4 Corners Pub, Fantasticks, crowd favorite Zinnia, and more. This one won't last!
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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%.
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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 Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017