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8015 GLENDALE ROAD
About This Property
From the welcoming covered porch and grand foyer, the home unfolds into light-filled formal spaces. The fireplace-centered living room and seamless dining flow hint at the home's entertaining prowess. At its core, the gourmet kitchen and adjacent family room create a vibrant, connected hub that transitions effortlessly to the rear patio for alfresco summer dining. The crown jewel of the main level is the privately situated primary suite-a main-level luxury that provides a true spa-like escape with dual closets. Also included is the main level laundry and an attached two car garage.
Upstairs, four generous bedrooms, two baths, and a flexible third-floor bonus room offer limitless configurations for family and guests. Below, the multi-room lower level is an entertainer's dream, featuring space for a media room, a private library, and separate game areas. This is a rare opportunity to own a home of remarkable scale, versatility, and neighborhood prestige.
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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 Chevy Chase
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017