710 HOPE LN
About This Property
This home offers 2,836 square feet of living space and has been lovingly maintained by the long-time owners.
The main level features a spacious kitchen and breakfast area with updated white cabinets. The large living and dining rooms both have hardwood floors. There's a fully updated powder room, including vanity and flooring, also on this level.
Upstairs, you'll find four generously sized bedrooms and two full bathrooms. There are hardwood floors throughout the upper level. In addition, the primary bedroom features an updated en suite bathroom including a newer vanity and faucet.
The walk-out lower level includes a huge recreation room showcasing a handsome brick hearth fireplace, a half bath, and a laundry area with ample storage and workroom space.
Enjoy views of trees, green space, and Diamond Farm Park from the large back deck. The public elementary school, Diamond Elementary, is located within the neighborhood, as is Diamond Farm Park, and access to Seneca Creek Park trails. Convenient to shopping and entertainment options including Kentlands, Downtown Crown, and Rio Lakefront. Easy access to transportation including Shady Grove Station Metro and the MARC Train. Close to major employers NIST, AstraZeneca, and Novavax just to name a few.
Roof replaced 2021 - Gutters and downspouts replaced 2021 - HVAC replaced 2024 - Fireplace flue and damper replaced 2024 - All 3 outside access doors and storm doors replaced 2025 - New sewer lines to street have been recently installed
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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 Gaithersburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017