613 PERSHING DR
About This Property
The main level welcomes you with a convenient covered entry leading to a handsome living room with a fireplace and recessed lighting. Adjacent is a dining room adorned with a spoked chandelier and access to the wrap-around deck. The sun-drenched inviting family room seamlessly connects to the extraordinary kitchen, which serves as the heart of the home. The chef's kitchen is a showstopper, featuring quartz countertops, a stainless-steel Samsung appliance suite, a center island, a grey subway tile backsplash, ample prep space, custom cabinetry, recessed lighting, a Bay window, a gas range with a griddle, and a pantry. This level is complete with two sizeable bedrooms, including one with a walk-in closet, a powder room, and a full bathroom.
The upper level features a delightful, versatile loft area with a dormer, perfect for use as an office or flex space. It also has two renovated full bathrooms and two bedrooms, including the dazzling primary suite. The primary bedroom has soaring ceilings, striking windows, a skylight, and a luxurious walk-in closet with an organizing system. The en-suite primary spa bathroom is stunning, with an oversized shower, floating shelving, and expansive vanity.
The bright lower level provides a large recreation room with recessed lighting, a large fitness room / mudroom with an exterior side entrance, a full bathroom, and a laundry / storage room.
Outside, the lush corner lot is surrounded by a white picket fence and features stone pathways, a fabulous wrap-around deck, a patio, a storage shed, and a carport. This home offers plenty of spaces for outdoor enjoyment and entertaining. Situated in a picturesque and convenient location, this home is steps from playgrounds, parks, and Silver Spring International Middle School, as well as Whole Foods. Enjoy the warm sense of community while having ready access to shopping, restaurants, and entertainment in vibrant downtown Silver Spring. LOCATION, LOCATION, LOCATION! See you there!
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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