8403 TAHONA DRIVE
About This Property
Single level living, off street driveway parking, a renovated first floor bath, lovely sun room addition, fireplace, gas cooking, and an HVAC and water heater that are likely to last another 6-7 years (all installed in 2019) make this a comfortable house, ready for its next owners to move right on into. Private Fenced in yard with shed and patio for grilling and dog play.
Convenience calls with a quick drive to all the shops and restaurants of Takoma Park and a straight shot up to the beltway. Just blocks from the forthcoming Takoma-Langley Crossroads Purple Line station at University Blvd and Piney Branch Road, set to open in 2027, this uniquely charming home is very likely to appreciate in the near term, making it an attractive investment opportunity for its next owner!
Sale record is incorrect (Home sold for $350,000 in 2019)
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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%.
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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 Langley Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017