715 BELGRADE ROAD N
About This Property
The entry level welcomes you with a foyer, leading to an inviting living room with vaulted ceilings, a floor-to-ceiling brick-accent fireplace, an exposed beam, and access to a side patio. This level also includes a versatile bedroom/office with a picture window.
A few steps down, the generous sun-lit dining room provides access to the backyard and connects to the kitchen via a pass-through. Beyond the kitchen, you'll find a half bathroom and a laundry room with an exterior entrance. The lower level features a large family room with a brick fireplace and a convenient storage nook.
Upstairs, three sizeable bedrooms with hardwood floors are complemented by two full bathrooms. The primary suite boasts an updated en suite bath, a ceiling fan, and a built-in wardrobe for added convenience.
The outdoor space includes a picturesque backyard with a patio, a deck, and a storage shed. A carport enhances the home's functionality.
Ideally located near Wheaton Regional Park and Northwest Branch Park, this home offers access to horseback riding, biking and walking trails, the Wheaton Ice Arena, and the Wheaton Library. With easy access to public transportation, shopping, Georgia Avenue, and Columbia Pike, this property perfectly balances tranquility and accessibility.
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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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$3,000 /mo
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$2,750 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017