8808 GATESHEAD RD
About This Property
This home effortlessly combines comfort and contemporary style, boasting three bedrooms, two full bathrooms, and one-half bathroom, all within a generous 2,000 square feet of living space. It has undergone thoughtful updates, including a renovated kitchen, an open living and dining area, an impressively large outdoor deck, upgraded gutters and roofing, and a freshly poured concrete driveway and pathways.
The main level graciously welcomes you with an open floor plan designed for entertaining, seamlessly connecting the living room, dining area, and a modernized kitchen. The kitchen is well-appointed with a stylish tile backsplash, a spacious island, and stainless-steel appliances. Abundant natural light streams through large windows, both at the front and rear of the house, creating an airy and inviting ambiance. Recessed lighting has been thoughtfully added to enhance the primary bedroom and main communal spaces. Step out onto the expansive deck that stretches across the entire length of the house; it features new decking and railing, offering ample space for outdoor living, entertainment, and enjoyment.
The partially finished basement, with a convenient side walk-out, provides a versatile area complete with a cozy wood-burning fireplace, a practical half bathroom, and a generously sized utility space with laundry facilities. Furthermore, the property includes a one-car garage and an additional parking pad, ensuring plenty of parking options for residents and guests.
The home sits on an impressively large lot that provides numerous options for expanding and enhancing the home's living space or outdoor living options. It's move-in ready and offers the best of suburban living with close access to shopping and entertainment. You are close to DC and all points through the DC Metro Region. You truly can have it all.
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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 Mount Vernon
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017