876 DIAMOND DR
About This Property
Step into a world of hardwood floors gracing the living and dining room upstairs, while the kitchen boasts new LVP flooring and a fantastic table space area. Revel in abundant natural light, a gleaming set of newer stainless steel appliances, and chic countertops that make cooking a pleasure.
Updates galore! Fresh paint throughout, new carpets in the bedrooms, and ceiling fans with lights in every sleeping haven. Prepared for anything with a generator backup, this home also flaunts new vanities in the upper bathrooms. Modern comforts include a new furnace (2021), a roof that's only two years young (2020), a spacious patio to enjoy lazy afternoons (installed in 2022), and a brand new water heater (2023). Let's not forget the practicality of new water and sewer lines to the street.
This home is not just a space; it's a celebration of comfort, style, and practicality. Make your move now and live the good life!
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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 Gaithersburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017