41
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404 LEXINGTON DRIVE
About This Property
Two of the three bathrooms have been fully renovated within the past five years, while the third has also been tastefully updated. Major system improvements provide peace of mind, including replacement windows throughout the home over the past 15 years, as well as a new HVAC system and water heater installed in 2022. A new roof was installed just 2 weeks ago, June, 2026.
The home's inviting floor plan includes a spacious sunroom overlooking the rear garden, creating the perfect space to relax, entertain, or simply enjoy the changing seasons. A professionally designed laundry room with built-in folding counter and abundant storage adds both convenience and sophistication to daily living. Outside, the beautifully landscaped rear garden offers a private retreat, while the shaded front yard enhances the home's curb appeal and welcoming presence.
Ideally located within the highly sought-after Woodmoor community, residents enjoy tree-lined streets, neighborhood parks, a strong sense of community, and easy access to shopping, dining, schools, commuter routes, and the beloved neighborhood bakery. This is a rare opportunity to own a truly turnkey home in one of Silver Spring's most desirable neighborhoods.
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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 Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017