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9407 SEMINOLE STREET
About This Property
From the moment you arrive, you'll be welcomed by the home's curb appeal, mature landscaping, and private driveway. Inside, beautifully refinished hardwood floors span much of the main and upper levels, preserving the home's original character while complementing its tasteful updates. The formal living room is anchored by a classic wood-burning fireplace and features a truly unique conversation piece-built-in fold-out card tables tucked inside the custom bookcases, a charmingly rare architectural detail. The formal dining room features hardwood floors, crown molding, and chair rail molding, creating the perfect setting for everyday meals and special occasions. The expansive gourmet kitchen offers stainless steel appliances, a new gas range, abundant cabinetry, a spacious pantry, and new luxury vinyl plank flooring. The adjoining space ideal for a family room or breakfast area provides a comfortable flow throughout the main level and opens to the backyard. The main level also includes a versatile bedroom, an additional room that is perfect for a home office or den, and a tastefully renovated full bathroom featuring a walk-in shower-ideal for guests, multigenerational living, or those seeking one-level accessibility. Upstairs, you'll find three generously sized bedrooms with original hardwood flooring and a beautifully renovated full bathroom featuring timeless marble finishes and a tub/shower combination. The fully renovated lower level significantly expands the home's living space with a spacious family room, a flexible bonus area ideal for a home office, gym, or playroom, an updated powder room, a laundry room complete with cabinetry and countertop workspace, a utility area, and an expansive unfinished area with walk-out access to the backyard. This oversized storage area offers incredible potential to create additional finished living space while still providing ample room for storage.
Step outside to enjoy the fully fenced, level backyard featuring a beautiful flagstone patio and walkways, storage shed, and mature landscaping-an ideal setting for entertaining, gardening, or simply relaxing outdoors. Ideally located just minutes from downtown Silver Spring, this exceptional home offers convenient access to parks, trails, shopping, dining, Metro, major commuter routes, and the future Purple Line station at Manchester Place. Combining timeless character, modern updates, and an unbeatable location, 9407 Seminole Street is an opportunity to own a truly special home in Indian Spring Park.
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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 Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017