3003 LAUREL AVE
About This Property
Each floor of this home is flooded with natural, bright light. The main floor features a large living room with an attached, screened patio. Enter through the arch to the open plan kitchen/dining room. The kitchen underwent a beautiful renovation including an open layout, a peninsula with seating, new cabinetry, stainless steel appliances, recessed lighting, and more!
Upstairs, you will find a renovated full bathroom and 3 bedrooms, each with wonderful light. The third bedroom, perfect for an office or nursery, even has a window box for plants or a furry friend.
Downstairs on the lower level, there is a versatile family room with a wet bar below the stairs - perfect for cozy movie nights! Laundry, a full bathroom, and large utility room are also located on this lower level.
The town of Cheverly has an established parks and recreation department: the Cheverly pool (with tennis & pickleball courts), the mile-long wooded trail from metro to town park, new playgrounds, and even a bootcamp MWF 6am in town for the earlybird fit folk.
Did you know you could find this just minutes outside of DC? We did - and now you're in on it too. Welcome home!! Check out the video, Garden Plat & List of Updates!!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017