306 SWANTON LANE
About This Property
Gleaming hardwood floors cover both first and second floors. Kitchen has classical Cherry cabinets, granite counter tops and stainless steel appliances. It opens to the family room with a gas fireplace. Large windows bring in ample light! Master bedroom has a walk-in closet. Master bathroom features double sinks, separate shower and tub. All bedrooms have ceiling fans with light fixture. Fully finished basement has a recreation room, a full bath and an extra room. The community provides a pool, fitness center, basketball court, park and trails throughout. It closes to the RIO center and Kentland's, shopping center, which include Whole Food, movie theater, Lowes and all other stores. It 's very easy to access I-270, I200 and Shady Grove Metro Station. A Must-See!
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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 |
|---|---|---|---|
| May 17, 2023 | Sold | ||
| Sold | |||
| Apr 24, 2023 | In contract | - | |
| In contract | |||
| Apr 4, 2023 | Listed by UnionPlus Realty, Inc. | $695,000 | |
| Listed by UnionPlus Realty, Inc. | |||
| Jun 28, 2012 | Sold | ||
| Sold | |||
| Apr 13, 2012 | Listed by UnionPlus Realty, Inc. | $495,000 | |
| Listed by UnionPlus Realty, Inc. | |||
Property Highlights
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About Gaithersburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017