702 DRYDEN STREET
About This Property
Featuring two full bathrooms across two finished levels, this home offers space, flexibility, and character. Large windows and multiple exposures fill the home with natural light, highlighting the hardwood floors and spacious living areas. The updated eat-in kitchen features upgraded countertops, generous cabinetry, and stainless steel appliances, while updated bathrooms and a distinctive upper level with warm wood paneling add to the home's charm. Easy access to the side patio and backyard creates a natural connection between indoor and outdoor living. Recent improvements and well-maintained systems make it easy to move right in, with opportunities to personalize and add value over time.
The outdoor space is a standout! Situated on a 0.17-acre lot, the home features a generous, tree-lined backyard with mature landscaping, a brick patio, additional hardscaping, and a storage shed. Plenty of room to entertain, garden, play, or simply enjoy the outdoors.
Location is everything! Enjoy the everyday conveniences of Four Corners shopping, dining, and neighborhood amenities, with Sligo Creek Park and its trails just around the corner. Downtown Silver Spring and Wheaton are minutes away, Forest Glen Metro is approximately two miles away, and convenient access to I-495 connects you to Washington, D.C., and the surrounding region.
With abundant natural light, generous outdoor space, and a location that puts so much of the region within easy reach, this home offers the flexibility to move right in and make it your own over time. Welcome home!
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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 Kemp Mill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017