8609 SEVEN LOCKS RD
About This Property
The open floor plan is spacious and inviting, with hardwood floors, natural lighting, and 10-foot ceilings throughout the kitchen, dining, and main living areas. The chef's kitchen features granite countertops, a center island, stainless steel appliances, ample cabinet storage, and a butler's pantry with a built-in wine fridge. The casual dining area is open and airy and offers access to the extended flagstone patio and private backyard while the formal dining area provides additional seating for more intimate dinners. Other features include a fireplace, home theatre room, and laundry area with a washer and dryer upstairs.
The luxe master bedroom is expansive and includes a newly-remodeled en-suite bathroom complete with a walk-in shower, six jet jacuzzi, and enormous walk-in closets. The lowest level of the home is reserved for the in-law suite, which includes a bedroom, bathroom, office, and great room that is perfect for entertaining.
In addition to the amenities and features listed above, this home is located within the Winston Churchill High School cluster, a highly sought-after school district that provides excellent educational opportunities for the children of the neighborhood. Its proximity to the airport, major highways, and family-friendly private swim clubs make it the ideal home for anyone seeking an affluent lifestyle in Bethesda.
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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 Potomac
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017