511 THAYER AVE
About This Property
Just Listed in Sligo Park Hills. This 3 bed, 2 bath Colonial has hardwood floors that run throughout the main and upper levels. Main floor features include the spacious living room with wood stove fireplace adjacent to the dining area. The side porch sunroom is perfect for use as a home office or den with its multitude of windows, roof sky lights and mini split HVAC system.
The updated kitchen has cream colored cabinets, black granite counters, stainless steel appliances and stone tile floor and offers views of the landscaped backyard. Exit through the sliding door in the dining room and enter onto the finished cedar deck and terraced backyard that is perfect for entertaining.
Upstairs are 3 bedrooms and one full bath. The primary bedroom has built in wardrobes, a ceiling fan and louvered shutter window treatments
Laminate floors run through the basement which offers more finished living space perfect for use as a recreation/play room. Laundry area is located in the basement in addition to the full bathroom with ceramic tile and glass enclosed shower. The basement has walkout access through the one car garage. Newer windows and doors throughout.
Driveway parking and garage for extra storage. Large attic with pull-down ladder for easy access. Excellent schools serve this neighborhood including East Silver Spring Elementary, Takoma Middle, Blair HS. Steps to downtown retail and restaurants. Less than one mile to Metro. Blocks to Sligo Creek trail and multiple parks.
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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