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615 GIST AVENUE
About This Property
The main level also offers two bedrooms with hardwood floors and ceiling fans, while the finished attic level adds a versatile bonus room, ideal for a home office, guest space, or playroom.
The unfinished lower level offers abundant storage and the potential to create additional finished living space. A walkout to the rear yard adds flexibility and convenience.
A classic screened porch off the front of the home is ideal for enjoying comfortable outdoor dining. Outside, the gently sloping, fully-fenced lot backs to mature trees for added privacy, and is perfect for grilling and entertaining.
The home sits in East Silver Spring, a quiet, tree lined pocket close to everything, just about half a mile to Downtown Silver Spring's restaurants, shops, and the AFI Silver Theatre, and under a mile to the Takoma Metro station on the Red Line. Outdoor lovers will appreciate being close to the Sligo Creek Trail, a wooded, paved path that winds for miles with playgrounds, picnic areas, and space to walk, run, or bike right in the neighborhood. Downtown Takoma Park's shops and restaurants, along with Whole Foods, Giant, and Safeway, are all just a short trip away, making this an ideal spot for anyone who wants a peaceful, established neighborhood with quick access to city conveniences and transit.
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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%.
How much can I actually make?
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