8504 GRUBB RD
About This Property
Hardwood flooring flows throughout the home, creating an elegant ambiance. The kitchen and basement feature laminate flooring, ensuring easy maintenance and durability. Access to the backyard is conveniently granted through a fully fenced-in area with a sturdy metal fence for added security and privacy. Your luscious backyard boasts several mature trees that create a perfect canopy for your next garden party hosted on your oversized patio.
Situated in a fantastic location, this home is surrounded by numerous attractions. Nearby, you'll find Meadowbrook Stables, Ray's Meadow, and Candy Cane playgrounds/parks, perfect for outdoor activities and fun for all ages. Your new home even comes with a membership to Rock Creek pool which allows you to skip the one-year long wait list!
Food enthusiasts will appreciate the proximity to Parkway Deli, allowing for delightful dining experiences just a short walk away, and a large selection of restaurants are just a stone's throw away. Rock Creek Shopping Center is just steps away and provides you with: an eco-friendly nail lounge, grocery stores, a neighborhood gym and additional dining options for the food enthusiasts and so much more. The future Purple Line Metro Station will provide convenient transportation options for your daily commute.
This home has seen recent updates, including newer renovated bathrooms upstairs, granite countertops, and new stainless steel LG kitchen appliances, elevating both style and functionality. Fresh paint throughout the house adds a touch of modernity, while the newer water heater and roof with a transferable warranty provide peace of mind.
Don't miss this opportunity - make this exceptional property your new haven!
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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