334 TANNERY DR
About This Property
Upstairs features more beautiful hardwoods and large rooms full of updates. The expansive primary suite features a dramatic vaulted ceiling, a spacious cedar-lined walk-in closet with an organizer system, and a beautifully remodeled en-suite spa bath featuring custom tile work, a glass-enclosed shower, a smart skylight, heated flooring, and a two-person sauna - plus top-of-the line fixtures and decorator lighting and hardware. Bedrooms two and three are large and bright and each features a roomy closet with organizer systems. The jack-n-jill second full bath has also been beautifully updated to include decorator fixtures, hardware, and lighting. The gorgeous updates continue into the walkout lower level. The open and inviting recreation room features built-ins, a full wet bar, and an ambiance-creating wall-mounted electric fireplace. This level also features a versatile bonus room, a renovated laundry area with a utility sink and attractive storage solutions, and a third full bath. The outside of this fantastic property offers more lovely spaces in which to relax, play, and entertain, including the masonry patio and lush lawn. Other special features and recent improvements include recessed lighting, decorator light fixtures, custom moldings, Elfa closet organizers (all bedrooms), surround sound system, and the recent HVAC system (2018) and water heater (2020). Most of the furniture is also for sale - see documents for the full list.
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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 Gaithersburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017