504 FLEETWOOD ST
About This Property
On the main level are two spacious bedrooms/offices with large windows and a fully renovated bath. The second floor has been expanded: two bedrooms and two baths- including the primary suite which includes double vanity sinks. The lower level boasts both a recreation room, full bath, home office and storage galore. Extra features that convey : wireless SimpliSafe security system, Nest thermostat, 2 year young roof, with warranty, Shed, newly completed driveway with pavers, and basement waterproofing system with sump. This home's location is divine with easy access to both Downtown Silver Spring and Takoma Park, Blocks to future Purple Line, and minutes to the District. The entirely dreamy neighborhood of Sligo Hills is a hop, skip and jump to parks and public transportation. **Please note square footage is higher than noted**IT IS 2886 Sq Feet , as per floorplans.
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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.
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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