737 THAYER AVE
About This Property
Welcome to 737 Thayer Ave, a delightful retreat nestled in the heart of downtown Silver Spring. This inviting home offers a perfect blend of urban convenience and tranquil garden spaces, making it an ideal choice for homebuyers looking for a cozy yet spacious place to call their own. Located just blocks from the Metro, this home provides easy access to public transportation, making your commute a breeze. Enjoy the vibrant lifestyle of downtown Silver Spring with a variety of shops, diverse restaurants, and beautiful parks all within walking distance.
Step just past the front porch of this charming Victorian to find a warm and welcoming first floor featuring a spacious living room, perfect for relaxing or entertaining guests. The adjacent dining room offers a lovely setting for meals and gatherings. A convenient half bath and a dedicated laundry area add to the functionality of this floor. The heart of the home is the renovated eat-in kitchen, boasting ample storage and modern amenities to inspire your inner chef. Imagine preparing your favorite meals while enjoying views of the picturesque backyard through large windows and sliding doors. Just beyond, a large deck awaits, perfect for summer barbecues or a quiet morning coffee overlooking the serene backyard. The detached two-car garage provides ample storage space and parking, a rare find in this bustling area. For those items you can't part with but don't need every day, you'll appreciate the extra storage space conveniently located in the basement, accessible from the rear exterior.
Upstairs, discover the oversized primary bedroom, a peaceful retreat featuring an en-suite bathroom for added privacy and convenience. Two additional bedrooms offer ample space for family, guests, or a home office, each sharing a well-appointed full bathroom.
The highlight of this home is its serene cottage gardens, a true oasis that is adjacent to the city. Whether you have a green thumb or simply enjoy outdoor tranquility, these gardens provide a beautiful backdrop for your daily life. Don't miss the opportunity to own this charming home that combines the best of city living with the peace and beauty of a garden retreat.
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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 Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017