5505 UPPINGHAM ST
About This Property
The lower level features a family room with a fireplace and a 1950's era bar, a bonus or exercise room, a workshop with ample storage space that was the setting for many a ping pong game, a sitting room and laundry, a half bath, and an exterior entrance.
This home's superb location is close to all the amenities that the Town of Somerset has to offer-a community swimming pool, tennis courts, a batting cage, and basketball hoops. The award-winning Somerset Elementary School is nearby. The Fourth of July picnic, parties and dinners at the pool, and trick-or-treating on Halloween are popular Town traditions. Within walking distance are the jogging and biking trails of the Capital Crescent Trail, Norwood Park, Metro, Friendship Heights, and the shopping and dining scene in downtown Bethesda.
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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 |
|---|---|---|---|
| Nov 25, 2024 | Sold | ||
| Sold | |||
| Nov 12, 2024 | In contract | - | |
| In contract | |||
| Nov 7, 2024 | Listed by Compass | $1,400,000 | |
| Listed by Compass | |||
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About Bethesda
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017