805 LOWER BARN WAY
About This Property
Welcome home to 805 Lower Barn Way, a truly special home offering a wonderful blend of elegance and privacy on a quiet Olney cul-de-sac. Tucked away against a lush wooded backdrop, this spacious 6 bedroom residence, featuring 5 full bathrooms, and 2 half baths, is the ideal home to create lasting memories.
Step inside and feel the warmth of rich hardwood floors that span across the main level. The heart of the home is its inviting and open living space- perfect for everything from lively get - togethers to quiet, intimate evenings. This home's thoughtful and modern design creates a wonderful flow, making everyday life feel effortless and connected. Downstairs, the fully finished lower level is a fantastic living space complete with a wet bar, fitness room, space to play pool, or watch sports or movies.
The real charm of this home continues outside. Picture yourself enjoying weekend barbecues or dinners al fresco, on the blue stone patio, under a stylish lit pergola overlooking the expansive and private backyard. As the sun sets, the inviting fire pit is the perfect spot to gather for marshmallow roasting, sipping on favorite beverage, and conversation.
Nestled on a quiet no-through street, this home offers the best of both worlds: A peaceful retreat with incredible convenience. Easy walking distance to Our Lady of Good Counsel High School, William Farquhar Middle School, the acclaimed Olney Theatre, and the recently re-opened Olney Ale House Restaurant. Just moments away, the heart of Olney provides a fantastic array of shops, restaurants, and the infamous year round Farmer's Market. Enjoy an effortless commute with prime access to major routes, making trips to the bustling hubs of Bethesda and Washington, D.C a breeze! This home, at this location truly offers a rare combination of private and peaceful living while being moments away to all the conveniences.
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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 Olney
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017