322 WOONSOCKETT LN
About This Property
Beautiful, well-maintained, and cared-for split-level in the Rolling Stone/Stonegate community of Silver Spring. This home features three fully finished levels above ground, with freshly painted walls and new carpet throughout. The top level includes three spacious bedrooms and two full bathrooms. The main level boasts a light-filled living room with hardwood floors, recessed lighting, and a generously sized dining area. The open-concept kitchen features granite counters, ceramic tiled floors, stainless steel appliances, and additional recessed lighting. The above-ground lower level includes an open family room, a spa-like third full bathroom, and a fourth bedroom with its own access door. The oversized laundry room is incredibly useful, featuring ample cabinets for storage. The large, flat, and peaceful backyard is perfect for outdoor enjoyment, with a brick patio for entertaining and a shed for additional storage. The Stonegate Swim Club is also right down the street for more fun and relaxation! Conveniently located just minutes away from grocery staples Safeway, Giant and Aldi as well as more specialty stores like Trader Joe's, Sprouts, and Roots. Enjoy a wealth of dining, shopping, and entertainment options including at Olney Town Center and Downtown Silver Spring, both less than 20 minutes away. With easy access to major commuter routes including I-270 and I-95 via ICC-200, Route 29, Randolph Road, New Hampshire Avenue, and Georgia Avenue, as well as public transportation, you'll enjoy a seamless commute to Washington, D.C., and beyond. Don't miss your chance to own this sweet, move-in-ready home in one of Silver Spring's most desirable neighborhoods.
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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.
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 Colesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017