7506 ALFRED DRIVE
About This Property
Inside, you'll find a generous living room, a dedicated dining room, and hardwood floors, adding warmth and character. The home features great bones, with a newer roof (2018), and HVAC and water heater systems replaced in 2017. The unfinished attic and basement offer incredible potential-bring your imagination and instantly build equity by creating additional living spaces.
Located just minutes from downtown Silver Spring, Takoma Park, and Sligo Creek Trail, and within easy reach of both the Silver Spring and Takoma Park Metro stations, plus the MARC Train-this location is a commuter's dream. Enjoy the close-knit community feel of Saratoga Village while being near shopping, dining, parks, and more. A rare chance to make a home your own in a sought-after location!
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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