3303 MOLINE RD
About This Property
Impeccable location! Wheaton Claridge local park with it's playground and basketball courts is within minutes! Perfect for a family outing! Bus service to FOUR metro stations(Medical Center, Wheaton, North Bethesda, and Glenmont), Kensington MARC station, NIH and the Naval Medical Hospital Center is located conveniently right across the street. Shop and dine at Wheaton Mall, Costco, Target, Pike and Rose and North Bethesda Station which are all just a short trip away!
New HVAC(transferrable warranty until 2030) - Aug 2020
New Custom kitchen / open floor plan - Dec 2018
Stainless steel appliances and washer/dryer - Dec 2018
Whole home natural gas generator (directly piped in)
New windows and exterior doors - Dec 2018
Main floor has original hardwood including under carpeted bedrooms
Radon mitigation system in basement
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017