9112 WALDEN RD
About This Property
An upstairs bedroom delights with heart of pine floors, sky lights, large office with expansive built in desk, and an en suite half bath. A beautifully renovated basement provides all the additional space you could want. This lower level haven is well outfitted with recessed lights, an expansive den with egress, two storage rooms, updated full bath with walk in shower stall, & laundry room.
Throughout the house you'll find hardwood floors, quality, vinyl replacement windows that pop-in, and expanded/upgraded electric work. Off street parking, a flat elevation (no stairs to climb for entry), an updated kitchen, and a newer architectural shingle roof (2021) make life easy. And an expansive screened porch and huge fenced in backyard with paver patio is the cherry on top! Enjoy being walking distance to the Giant grocery store, parks, playgrounds, numerous tasty eateries including beloved El Golfo, and the future Long Branch Purple Line station. The current owners have lived here for 35 years, caring for and expanding the home as their beautiful life story unfolded. It has served them well. Now it's time for them to close this chapter so that you can write your own in the sweet green house on Walden Road.
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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 Silver Spring
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$4,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017