705 HOPE LANE
About This Property
Welcome to this meticulously maintained 4-bedroom, 3-bathroom raised rambler offering 2,420 square feet of beautifully finished living space across two spacious levels. Nestled in the highly sought-after communities of Diamond Courts and West Riding, this home is the perfect blend of comfort, function, and style.
Step onto the inviting front porch and enter a home where pride of ownership shines through. Recent upgrades include a new roof, updated electrical and plumbing systems, and elegantly updated kitchen and bathrooms. The heart of the home is the gourmet kitchen, which flows effortlessly into the dining area and sunlit living room-an ideal space for both relaxing and entertaining.
Glass doors lead to a massive 1,000 sq ft deck, seamlessly connecting indoor and outdoor living. Enjoy your morning coffee or host summer gatherings while overlooking a meticulously landscaped backyard complete with a large shed for extra storage.
The entry level boasts a spacious recreation room with a recently cleaned and coated fireplace, a full bathroom, a generous fourth bedroom, a finished laundry/mudroom, and direct garage access-perfect for guests or multi-generational living.
Upstairs, you'll find gleaming hardwood floors, three additional bedrooms, and two full bathrooms, all bathed in natural light.
Located just minutes from shopping, dining, Kentlands, NIST, I-270, and public transportation, this home offers unmatched convenience and a lifestyle you'll love coming home to.
Don't miss your opportunity to own this exceptional property-schedule your tour today!
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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 Gaithersburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017