3708 WOODRIDGE AVENUE
About This Property
The finished lower level adds flexible space, a large rec room, den/home office or gym, full 3rd bathroom, laundry room with storage, and walk-out to the backyard! A spacious backyard features a patio space for all your outdoor gatherings, a nice yard, and a large storage shed.
Set on a quiet residential North Kensington street with quick access to shopping, dining, parks, and major routes/Metro: Grosvenor-Strathmore, Wheaton, and North Bethesda Metro.
Nearby; Westfield Wheaton, Costco, Target, Giant, Safeway, and Rock Creek Park's miles of trails. Commuter friendly to I-495, Connecticut Ave, and Georgia Ave; convenient to Walter Reed Medical Center.
*Estimated dates on Systems and other notes:
• Upstairs bathrooms updated 2022
• Stainless steel Appliances 2019
• Basement flooring 2022
• Sump pump 2021
• Water heater 2013; buyer to verify
• Electrical Panel upgrade 2021
• Basement den window replaced 2025
• Chimney capped 2022/2023 (current sellers have not inspected nor used the fireplace)
• Roof age: owner estimate approx. 8 years; buyer to verify
• HVAC: 2013; buyer to verify
• Routine exterior maintenance (gutter cleaning/power washing) by Ned's Home
• Transferable Super Home Warranty to buyer
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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%.
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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 North Kensington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017