701 KERSEY ROAD
About This Property
Full size walkout basement: custom homework/office space; recreation area; multiple storage areas; 2 guest rooms with windows and closets; full bath. The 2-car garage has extra storage space in the back.
Please note that floor plans and measurements are only estimates in terms of dimensions and are made for representation purposes only. The square footage calculations are approximate, as measurements are typically taken from the inside of walls and are rounded to the nearest foot. Neighborhood amenities include full-service shopping center that is less than ¾ miles to Kemp Mill Shopping Center; 2 community pools; several parks, Houses of Worship. Near Brookside Gardens, Costco, lots of dining. Great commuter home with easy access to other areas in MD ,to Washington, DC and Virginia: near Red Line Wheaton Metro - serviced by public bus, Route 29, 495, ICC. Show by appointment only. Provide copy of buyer's current loan letter/proof of funds with your showing requests. Don't touch the front door bottom lock. No showings after 5 p.m. on Fridays and no showings on Saturdays. Text messages, whatsapp, phone calls and emails from Fridays at 5 p.m. through and including Saturday are likely not to be responded to before Sunday morning. Seller may need rentback.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017