510 GILMOURE DR
About This Property
Step inside the spacious Great Room addition with soaring vaulted ceilings and a cozy fireplace, perfect for entertaining or relaxing with family. The modern kitchen features granite countertops, stainless steel appliances, and opens seamlessly to the Great Room for easy living. Additionally, main level features 2 bedrooms and an updated full bath with skylight as well as gleaming hardwood floors throughout.
Enjoy the outdoors year-round with the lovely screened porch, leading to a large, fully fenced backyard, complete with a large shed and a natural gas connection run for your grill. The lower level provides endless storage options and flexible living spaces, ready to be tailored to your needs. And an added bonus, roof was replaced in 2020 and has a transferable 50-year warranty.
This home combines comfort, style, and convenience, with proximity to parks, schools, and all the amenities downtown Silver Spring has to offer. Don't miss this opportunity!
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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 Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017