5827 PHOENIX DR
About This Property
The generous 5100 square feet floor plan encompasses a main level with the perfect flow for entertaining and everyday living. Enter the home from the welcoming front porch to find the formal sitting room drenched in sunlight and located next to the dedicated office. Easily host up to ten in the dining room which features custom moldings and flows into the recently updated eat-in kitchen with custom backsplash, quartz countertops and replaced stainless steel appliances. Enjoy relaxing in the sunny family room with a gas burning fireplace or the screened in porch overlooking the beautifully hardscaped multi-level outdoor oasis. Fit two large cars in the upgraded garage and store plenty of jackets and backpacks in the mudroom closet.
Upstairs, find the four main bedrooms, all with en suite bathrooms. The plush, oversized primary suite includes a tray ceiling, dual closets and large, spa-like bathroom with dual vanities, soaking tub, large shower, and water closet. Two additional bedrooms are connected by a full bathroom with tub shower combo and double vanity. The fourth bedroom has a private en suite bathroom with tub-shower combo perfect for a guest suite or multi-generational living. The large laundry room at the end of the hall rounds out this level.
The expansive basement features an art room, a large rec room with an outfitted gym area, storage room, full bathroom, and fifth bedroom. The high ceilings and endless possibilities for layouts make this a wonderful secondary living space.
Enjoy being only moments to both Wyngate Elementary and North Bethesda Middle Schools, just minutes to Walter Johnson High School, easy access to I-270 and I-495, and a quick drive to Downtown Bethesda and all the conveniences Wildwood Shopping Center has to offer.
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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 Bethesda
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017