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5406 SPRING LANE
About This Property
The fully finished basement adds a large rec room, a full bath, and laundry, with plenty of space for movie nights, a gym, or guests. Enjoy the bright and inviting Florida room, perfect for year-round relaxation. Step outside to the deck, ideal for grilling, entertaining, or simply enjoying your fully fenced backyard complete with a gazebo for shade and a shed for storage. A covered front porch adds to the charm.
Located just steps from a neighborhood park and minutes from the Metro, shopping, dining, the University of Maryland, Washington, D.C., and major commuter routes, this home offers the perfect combination of comfort, convenience, and accessibility. Lovingly maintained and in excellent condition, this move-in ready home is one you won't want to miss!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2026 | Price Decreased |
$450,000
↓ $50K
(9.9%) | |
| Price Decreased | |||
| Jun 27, 2026 | Listed by Keller Williams Capital Properties | $499,500 | |
| Listed by Keller Williams Capital Properties | |||
| Feb 2, 1979 | Sold | ||
| Sold | |||
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About Riverdale Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017