416 DEERFIELD AVENUE
About This Property
A main-level addition offers incredible versatility-it can function as a primary bedroom suite or a spacious family room. This area includes wood flooring, recessed lighting, a modern ceiling fan, and a generous attached bathroom with chevron-patterned tile and an incredible walk-in shower. A mudroom/drop zone with a closet and shoe storage, along with a powder room, completes the main level.
Upstairs, you'll find three sunlit bedrooms and a full bathroom, including the tasteful primary bedroom with a walk-in closet. All three bedrooms feature rich wood flooring. The lower level offers a recreation room with recessed lighting, a guest room/office, and a large laundry/storage room.
Outdoors, relax on the sizeable brick patio, enjoy the lush, fenced backyard, and take in the complementary landscaping. A large shed provides ideal storage for bikes and lawn equipment, and there's also a fabulous jungle gym.
Enjoy life in close-in Silver Spring, where charm and convenience meet. The neighborhood offers a welcoming sense of community, just steps to the popular restaurant Zinnia and Whole Foods, along with easy access to Sligo Creek Trail, plus nearby shopping, restaurants, and entertainment in both Downtown Silver Spring and Takoma Park. Just over a mile to Silver Spring Metro Station, and close to multiple bus lines - you'll love the refinement, ease of access and lush setting of this home!
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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