6405 GARNETT DR
About This Property
The developers of Kenwood in the 1920s "hoped to make Kenwood attractive to the successful, hard-working men and women who shared their conviction that one's community is more than just a place to live (A History of Kenwood). This sense of community, along with the nearly two thousand cherry trees planted between 1929-1934, make this a very special place to live. Garnett Drive sits quietly on the western edge of this quiet neighborhood, backing to Kenwood Country Club, and the street traffic is very light. The ultra-convenient location is minutes from the finest private and public schools in the area, restaurants, shopping, the Friendship Heights and Bethesda Metro stations and The Crescent Trail.
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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 Bethesda
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017