4623 MORGAN DR
About This Property
The lower level has a family room, exercise room, and a bedroom with a full bath. New luxury vinyl plank flooring and new carpeting have also been installed on the lower level. The attached garage is located on the side of the house and enters the kitchen. You will fall in love with the double lot with an in-ground pool as well as a front porch for morning coffee or afternoon refreshments. Private and quiet location, beautifully situated on a corner in a neighborhood with a high walkability score. Located halfway between Friendship Heights and Downtown Bethesda, there is easy access to two Metro stations. Close to Norwood Local Park with tennis courts, a playground, and pathways for a stroll or dog walking. This home has been in the family for many years and has been lovingly cared for. We know you will love it too.
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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 Bethesda
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017