709 WOODSIDE PARKWAY
About This Property
The kitchen includes granite countertops and cherry cabinets offering an ample pantry and other storage space. The kitchen opens to a sunny family room with a vaulted ceiling, skylights, a dining area, and mission-style windows and cabinetry. From the family room, step onto the deck overlooking a large, tree-filled backyard and the patio and screened porch below.
The main level includes a primary bedroom suite with an ensuite bath and walk-in closet, and a second bedroom and full bathroom. Upstairs, the charming staircase leads to two bedrooms with original pine paneling in beautiful condition and a third full bathroom.
The lower level provides excellent flexibility with a large room ready for your vision, whether a family room, gym, or potential fifth bedroom. This level also includes a laundry area, office, half bath, closets and storage space, and access to the backyard.
With a Walk Score of 71 and Transit Score of 77, this location offers the best of urban suburban living. Walk to Whole Foods, Ace Hardware, downtown Silver Spring, the AFI theater, Zinnia, a playground and dog park, Sligo Creek, schools, and the Metro and forthcoming Purple Line.
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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 Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017