406 DALE DRIVE
About This Property
The light-filled main level features a welcoming living room with fireplace and three exposures, a formal dining room, and a large screened porch-perfect for morning coffee or quiet reading. A family room off the kitchen adds additional gathering space, while the RARE main-level bedroom and full bath with new light fixture, new toilet, new vanity and medicine cabinet provide flexibility for guests, a home office, or multigenerational living. Newly refinished oak floors, newly painted kitchen cabinets, new kitchen counter tops, and new light fixtures elevate the home with a clean, polished look.
Upstairs, you'll find two good-sized bedrooms, the second full bath with new light fixture, new toilet, new vanity , and a third bedroom suitable for a nursery or office. The spacious lower level walks out to the 1-car garage and offers versatile bonus living space ideal for a recreation room, another full bathroom, a massive storage room with extensive built-ins, a dedicated laundry area, and a sauna.
With its charming character, thoughtful layout, and unbeatable location just moments from transit, this special home blends comfort, convenience, and timeless appeal.
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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