405 IRWIN STREET
About This Property
The main level boasts gleaming hardwood floors and recessed lighting, creating a bright and welcoming atmosphere. The well-appointed kitchen features a picture window overlooking the backyard and stainless steel appliances, a cooktop, double wall ovens, and ample cabinetry-perfect for the home chef. The layout flows seamlessly into the dining area and living room, offering a nice flow perfect for entertaining.
Forget about big-ticket maintenance! This home has been thoughtfully upgraded with essential mechanical systems, including new HVAC, a new washer/dryer, a refrigerator, a tankless hot water system, upgraded siding, and renovated bathrooms.
Enjoy year-round enjoyment with a fully fenced backyard, complete with a private deck ideal for grilling and outdoor dining. The property also features a finished basement providing additional flexible living space, as well as a private driveway for comfortable off-street parking.
Located in a quiet Silver Spring community, you are just moments away from parks, dining, shopping, and all the entertainment options of Downtown Silver Spring, with easy access to the Beltway and commuter routes into Washington, D.C.
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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 Kemp Mill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017