721 DALE DR
About This Property
based heat pump for the basement. This ensures that the property is energy efficient and minimizes the energy required to keep the property comfortable all year round. Another noteworthy feature is the replacement of all the original windows with double-pane Pella and Anderson windows, which not only look great, but also help to reduce energy costs. There is also a huge screened-in porch overlooking the back and side yard, which is perfect for relaxing or entertaining guests. The first level of the property has immaculate hardwood floors, while the rest of the house has new carpet and paint throughout. The living room includes a fireplace, adding to the cozy atmosphere. The formal dining room is perfect for hosting dinner parties or other gatherings. The third floor is spacious, with a large sitting area, a full bathroom, and two large bedrooms. This would be an ideal space for guests or even a home office. The property also features a slate roof, a garage, and a large side-entranced driveway that can accommodate 5+ cars for off-street parking. The yard and gardens are fully organic, except for rare use of herbicide on poison ivy. Native-plant gardens in front and on the south side of the house were planted and have been maintained by Backyard Bounty. Finally, the property is within walking distance to Downtown Silver Spring, where you'll find a wide variety of restaurants, a movie theater, Whole Foods, library, Silver Spring Metro, and much more.
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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 |
|---|---|---|---|
| May 22, 2023 | Sold | ||
| Sold | |||
| Apr 29, 2023 | In contract | - | |
| In contract | |||
| Apr 12, 2023 | Listed by Redfin Corp | $799,000 | |
| Listed by Redfin Corp | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017