7212 CHESTNUT STREET
About This Property
Your home search is over! This beautifully renovated 4 bedroom/3.5 Bathroom house sits in the heart of Chevy Chase. Located on one of the best streets in Martins Additions and on one of the best lots. A backyard you must see to believe. The first floor of this home has a wood burning fireplace, hardwood floors and a half bathroom. The dining room leads to a family room with views of the gorgeous backyard and patio. The newly renovated kitchen has all new stainless steel appliances and quartz countertops. The second floor has three good size bedrooms and the primary bedroom has an en suite bathroom. There is an additional bath as well. Downstairs there is a fourth bedroom and full bath. The entire second floor has hardwood floors. Short walk to Brookville Grocery Store, Pharmacy, and Olympia Cafe.
Owner/Seller is the listing agent Larry Gibbons.
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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 Chevy Chase
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017