808 MALCOLM DR
About This Property
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Inside, you'll find gleaming hardwood floors, a spacious living room with a cozy fireplace, and plenty of natural light. The upgraded kitchen impresses with a five-burner gas range, granite countertops, stainless steel appliances, and a breakfast bar. Adjacent is a separate dining area with plenty of room, and an office/study just off the living room.
Head upstairs to discover an owner's suite large enough for a king-sized bed, complete with an attached, updated full bath featuring a walk-in shower, stylish tile work, and a new vanity. Two additional bedrooms share an updated hall bath with a jetted tub/shower combo.
Downstairs, the fully finished walk-up basement with a private entrance offers tile flooring, built-in counter space, wall cabinets, a sink, and a refrigerator. It even has a fourth bedroom and updated full bath-perfect for guests!
Outside, enjoy the newly updated two-tier deck in a private, beautifully landscaped backyard with mature trees and an oversized shed. Minutes from downtown Silver Spring, DC, UMD, the Beltway, and public transportation!
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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