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304 PARKVIEW AVENUE
About This Property
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Rarely available single family home for less than many Parklands townhomes. Three spacious bedrooms each with it's own attached full bath including two primary suites on the top floor and a third bedroom suite on the ground floor. Fabulously open concept design surrounded by windows and with towering ceilings for tons of natural light. Exceptional condition with new carpet and paint.
The Parklands at Watkins Mill Town Center offers a rare combination of amenities and convenience. Parks, playground, pool, tennis court, pond, tree lined streets, a clubhouse with a gym and party room, and several sculptures give life and personality. Walk to the MARC train or ride-on, or you can be on 270 in less than a minute, and it's about 10 to Shady Grove metro. Rio, Crown, Kentlands, and Germantown Town Center are all just moments away with more than 60 restaurants and 20 grocery stores within a 10 minute drive.
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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.
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About Gaithersburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017