6923 STANDISH DRIVE
About This Property
6923 Standish is the kind of property we don't see often-especially at this price. It's a solid 2-bedroom, 1-bath detached home on one of Radiant Valley's larger lots, and while it definitely needs work, that's exactly where the opportunity lies.
The basics are there: a concrete slab foundation, roof under 10 years old, and an electrical panel circuit system. But the real upside? The enclosed sunroom and unfinished attic give you space to grow-literally. Picture adding two more bedrooms and another bath to match what others nearby have done. Renovated homes with that kind of footprint are selling for over $420K.
This isn't a flip-it's a chance to create a home that fits your life and builds your equity from day one. If you've got a little vision (and a contractor), this could be a smart move.
What's Worth Noting:
Larger-than-average yard with space to breathe
Easy street parking but you could add a curb cut for a driveway
Slab foundation means no basement maintenance
Attic + sunroom = clear path for expansion
Major systems already updated: roof + electrical
Fast access to Metro, BW Parkway, 495, and Annapolis Rd
You're not just buying a home-you're buying the chance to make it your own. Let's talk.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017