412 WHITESTONE RD
About This Property
The ground floor features a circular layout, creating a nice flow throughout the house. Fresh hardwood floors and ample windows allow for excellent lighting throughout the home's first floor. A central living/dining area greets you upon entry, with a brick fireplace, built-in shelf, and front closet. Right off the front door, behind the brick fireplace, is a wonderfully sunlit room, perfect for a home office, playroom, or den. A vibrant, 2019 updated wrap-around kitchen with Silestone countertops, tile backsplash, fresh cabinetry, and 2019 stainless steel appliances connects the dining area to a sunroom in the back of the house. This beautiful space, perfect for formal dining or another living area has wall-to-wall windows and provides a beautiful view of -- and entry point to -- the backyard.
The upper level features a large primary bedroom and a secondary bedroom with deep closets, and a 2019 remodeled full bathroom with a built-in storage cabinet.
The unfinished lower level is freshly painted and has plenty of open space perfect for storage, a home gym, or additional living space. It houses the washer/dryer system, furnace, hot water heater, and A/C unit, all new as of 2019.
The sizable backyard is perfect for family pets, children, and gardeners alike, thanks to a level lot, a four-foot fence with two gates for front yard access, and a beautiful 2021 garden shed with ample storage space. A courtyard garden patio surrounded by azalea bushes and a picturesque holly tree is just steps away from the back door, perfect for unwinding and entertaining.
The home's front yard has beautifully landscaped garden beds with a driveway for off-street parking on the right side.
Conveniently located in the heart of 4- Corners, Woodmoor is a sought after neighborhood known for its sense of community. There are music festivals, a 4th of July parade, Oktoberfest and so much more. Easy access to public transportation, 495, Washington D. C. , Virginia and Baltimore.
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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 Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017