712 RICHMOND AVE
About This Property
Conveniently located near downtown Silver Spring and Takoma Park, you'll have easy access to a variety of restaurants, shopping, and entertainment. Commuters will appreciate the proximity to Takoma Park and Silver Spring Metro stations, providing quick access to Washington, DC.
Though currently a blank slate, this property's solid foundation and desirable location make it a standout opportunity. Imagine transforming this space into your dream home or a lucrative investment. Don't miss the chance to make 712 Richmond Avenue your next project!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 9, 2024 | Sold | ||
| Sold | |||
| Jul 19, 2024 | In contract | - | |
| In contract | |||
| Jun 15, 2024 | Listed by Real Broker, LLC - McLean | $525,000 | |
| Listed by Real Broker, LLC - McLean | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017