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302 MANNAKEE STREET
About This Property
Since 2024, the home has benefited from numerous updates, including a new water heater, updated bathrooms, new flooring in the kitchen, baths, and laundry room, new interior doors, updated lighting, select electrical improvements, a new sliding glass door, and a custom closet system in the primary bedroom. Major exterior enhancements include a beautiful flagstone patio, new fencing, new siding and gutters, a new front door, and a new picture window that fills the living space with natural light. The roof was also replaced in 2022. Additional infrastructure improvements and drainage enhancements further reflect the exceptional care invested in the property.
Enjoy a quiet residential setting while remaining just minutes from Downtown Rockville, Rockville Metro, Montgomery College, Rockville Swim and Fitness Center, shopping, dining, parks, and major commuter routes. With a vibrant community, excellent accessibility, and substantial recent upgrades already completed, this is a move-in-ready opportunity you won't want to miss!
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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 |
|---|---|---|---|
| Sep 24, 2026 | Listed by EXP Realty, LLC | $650,000 | |
| Listed by EXP Realty, LLC | |||
| Jan 26, 2024 | Sold | ||
| Sold | |||
| Dec 24, 2023 | In contract | - | |
| In contract | |||
| Dec 14, 2023 | Listed by EXP Realty, LLC | $499,900 | |
| Listed by EXP Realty, LLC | |||
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About Rockville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017