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About This Property
This unique property is in a spectacular location-right off of Rt. 28 just before Viers Mill Dr. only 1 mile to Rockville Metro and Marc Train as well as downtown Rockville with all of its outstanding amenities! In addition to a killer location, it has a fantastic ¼ acre lot! As configured presently- the upstairs was used as an apartment with a kitchenette and separate entrance. The home does have a large carport with plenty of additional parking in the driveway. And......... Again----THE LOCATION!!!!! One short 1 mile to Metro and Marc Train!! It is so close to all of Rockville's in-demand businesses, upscale downtown area, amenities galore including shopping, great restaurants, movies, METRO, and so convenient access to commuter routes!
BOTTOM LINE: Don't miss out on this special renovation opportunity in a fantastic community! It is VERY well priced to reflect the need for a sparkling renovation!! This is an AS-IS Estate Sale. OFFERS ARE DUE TUESDAY BY 7:00 PM AND WILL BE REVIEWED WITH THE PERSONAL REPRESENTATIVE FOR THE ESTATE TUESDAY LATER IN THE EVENING.
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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 Rockville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017