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3504 TURNER LANE
About This Property
The upper level has three bedrooms and two full bathrooms. The primary suite is a true retreat, featuring a dedicated sitting area or office nook, a spacious walk-in closet with closet system, and its own private upper-level deck-the perfect spot for your morning coffee.
The fully finished lower level offers immense versatility with a completely independent in-law suite, ideal for long-term guests or multi-generational living. This level also features a large recreation space and a sizable laundry room.
Combined with a rare detached garage with an expansive storage and shelving system and a long driveway, this property provides absolute convenience. Enjoy the perfect blend of modern living, peaceful, tight-knit neighborhood living and urban accessibility.
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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.
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About Chevy Chase
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017