403 HARDING DR
About This Property
There are several restaurants you can walk to and downtown Silver Spring with many more is a short ride away. If you love nature Northwest Branch Park is nearby. Economical gas heat (furnace new 1/24), Central Air Conditioning and tankless gas hot water help you stay comfortable. There's easy street parking on a low-traffic street. Double-pane windows help keep the home energy efficient. You may want to customize paint colors later, but this home is ready to go as it commands your attention, and reaches out to your heart.
This property is eligible for the MMCT (majority-minority census tract) program that allows for zero down financing (max loan amount of $766,550) with no Private Mortgage Insurance (PMI). Contact the agent for lender details. Public Open Houses Saturday 4/20 - 2 to 4 pm and Sunday 4/21 -1 pm to 4 pm
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 30, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | In contract | - | |
| In contract | |||
| Apr 18, 2024 | Listed by Long & Foster Real Estate, Inc. | $585,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017