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3209 CUMMINGS LANE
About This Property
The stairway to the upper level is wide and easy to navigate. The upper level offers three bedrooms and two renovated bathrooms. The two front bedrooms are well proportioned and include convenient alcoves. The primary bedroom suite offers custom blinds, a ceiling fan, two wall closets, and a private bathroom. The primary bath features a double vanity, a jetted soaking tub, and a glass-enclosed shower with a niche and stone flooring. The upper level is complete with a linen closet and laundry.
The lower level has a landing area, a playroom, half bathroom, an amazing artist's studio, and storage. Outside is a landscaped yard with flower beds, mature plantings, and blooming azaleas. There is a country lane paver driveway, a detached garage, two patio areas, and a level backyard. The home also includes a generator, a partial slate roof, and a newer water heater.
Ideally located in close-in Chevy Chase, this home is known for its convenient setting, elegant homes on quiet tree-lined streets, and proximity to the shops and restaurants along upper Wisconsin and Connecticut Avenues. Just steps from Brookville Market, Gazebo Park, Rock Creek Park, and Historic La Ferme Restaurant, and minutes from the dining and entertainment centers of downtown Bethesda and Northwest DC, this home offers a blend of charm, space, and accessibility. It is also conveniently located near the Capital Beltway and downtown Washington, D.C., within the Bethesda-Chevy Chase school cluster.
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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.
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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 Chevy Chase
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017