61
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504 WATERFORD ROAD
About This Property
The main level features two spacious bedrooms, each with its own attached bath, plus an additional full hall bath - offering the convenience of 3 full baths on one level. Originally designed as a 3-bedroom layout, one wall was removed to create an oversized bedroom and could easily be converted back if desired. The sun-filled eat-in kitchen offers abundant natural light, while the adjoining dining and living areas flow into an expansive family room addition complete with a gas fireplace, walls of windows, and beautiful backyard views.
The walkout lower level feels bright and welcoming with full-sized windows, a second large family room with gas fireplace, an additional bedroom, full bath, and an unbelievable amount of storage space. Outside, enjoy a level fully fenced backyard with a patio, deck, and large shed - perfect for entertaining, gardening, or relaxing.
Fresh paint throughout, beautifully maintained wood floors, some new carpeting, a roof just 1.5 years old, and major systems replaced within the last 6 years make this home truly move-in ready while still offering opportunities to update at your own pace.
Ideally located with easy access to commuter routes, shopping, restaurants, schools, and the beloved neighborhood bakery, this is a rare opportunity to own a meticulously cared-for home in one of the area's most desirable neighborhoods.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2026 | Sold | ||
| Sold | |||
| Jul 22, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2026 | Price Decreased |
$658,000
↓ $27K
(3.9%) | |
| Price Decreased | |||
| Jun 4, 2026 | Listed by Cummings & Co. Realtors | $685,000 | |
| Listed by Cummings & Co. Realtors | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017