7007 DELAWARE ST
About This Property
The formal living room features a wood-burning fireplace with a beautiful brick mantel that opens gracefully to the dining room. The eat-in kitchen is a chef's delight, featuring stainless steel appliances, granite countertops, a breakfast bar, and a sun-filled breakfast nook and easy, close transition to the large outdoor living space on the back deck. Completing the main level is an inviting den/family room with pocket doors for privacy and an airy, bright library with skylights, built-ins, and an en-suite bathroom, offering the potential for a main-level bedroom. Upstairs the charming character of the home continues. The second floor includes three bedrooms and two bathrooms, including a primary suite with a luxurious en-suite bathroom and ample closet space. The third level offers a versatile and fun bonus room with an additional bedroom with an en-suite bathroom.
The use and comfort of the home extend to the lower level which is complete with a gym, large laundry room with two washer/dryers and sink, abundant storage, a full bathroom, and a spacious bedroom suite with private entrance, making it the perfect space as an in-law or au pair suite or welcoming guest space. Enjoy outdoor living on the back deck, front porch or out on the large, flat yard. The rare detached 2-car garage and long driveway with additional spots provide plenty of parking options.
This home is ideally located within close proximity to schools, the Farmers Market, Brookville Market, downtown Bethesda, Rock Creek Park and the future Connecticut Avenue Purple Line stop with all of its surrounding shops and restaurants.
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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 Chevy Chase
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017