Welcome to 9501 Colesville Road, a lovely brick colonial nestled in
the heart of Silver Spring. This bright and airy residence with
wrap-around front porch has been freshly painted throughout and
features hardwood floors on the main and upper levels. There
is a spacious living room with wood burning fireplace, formal
dining room, and large renovated kitchen that opens to a cozy
sunroom overlooking a beautifully landscaped backyard. Large rooms
throughout this three-bedroom, three full bath home. The main level
also features a large family room (possible 4th bedroom) and full
bath. The upper level offers generous size bedrooms and an updated
bath with ceramic tile shower. The basement is partially finished
with a home office, 3rd bath with shower, laundry with washer &
dryer, and plenty of space to finish for a recreation room.
Fantastic location on a nearly 1/3 acre fenced, corner lot. The
level backyard has a firepit and offers plenty of space to enjoy
many outdoor activities. You are minutes from downtown Silver
Spring, dining, shopping, and entertainment venues. Minutes to
Sligo Creek Park and the Metro. You'll appreciate many
updates...windows, tankless hot water heater, HVAC, and roof.
This home has it all. You won't be disappointed!
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.
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