8808 WALNUT HILL ROAD
About This Property
Full daylight lower-level Family Room with wet bar, white cabinetry, granite countertops and 2 beverage fridges; spectacular Media Room, with built-ins and 4k Theater equipment; Bedroom #5 with large window and walk-in closet; Bedroom #6/Gym with large window; Full Bath #4 with tub; large Storage/Utility Room; sliding doors to side patio. Trex deck with stairs down to fenced yard; Hardie-plank exterior; extensive perennial garden curated for nearly a decade; patio; Solar panels; UV system inside of Zone 2 air handler in attic; multiple yard drains around the rear and upper side yard; house downspouts drain to front and rear underground cisterns; whole house fan 2021; UV air unit 2020; AprilAire humidifier at lower unit 2021; Thompson Creek front and back doors; Washer and Dryer 2024; Solar panel system 2021; Roof 2022; membership eligibility to NCC Pool (tennis, pickleball and swim team). Walk to Chevy Chase Lake Town Square with Dining, Grocery and Conveniences, Crescent Trail, Rock Creek Park, and the future Purple Line, 2 minutes to 495, minutes to downtown Bethesda.
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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%.
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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 Chevy Chase
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017