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8318 HADDON DRIVE
About This Property
The living room includes a fireplace with glass doors framed with ceramic tile, and a large picture window by Anderson, and opens to the dining room with backyard garden views, which connects to both the kitchen and living room. The kitchen offers maple cabinetry, a gas range with a built-in griddle, tile flooring, and opens to a charming breakfast room with access to the backyard and stone patio. Off the breakfast room is a comfortable family room with a tongue-and-groove ceiling and a pantry. The bedroom wing includes two bedrooms with wood floors and overhead lighting, served by a ceramic tile bath.
Upstairs is a spacious primary bedroom with ample closet space, overhead lighting, and eaves storage. The lower level is unfinished, except for a full bathroom, and provides extensive storage, a laundry area with LG washer and dryer on pedestals, a workbench area, and access to the garage. Recent updates include a new roof (2023), GE appliance suite (2023), and a replaced furnace (2019). The fenced backyard features a stone patio, garden beds, and an attached garage. Located in Takoma Park, the home offers a strong sense of community with convenient access to shopping, dining, and both vibrant Long Branch and downtown Silver Spring.
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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