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9504 BILTMORE DRIVE
About This Property
The fantastic updated kitchen with a large center island opens seamlessly to the spacious family room, creating the perfect layout for everyday living and entertaining. Just beyond, the deck overlooks the beautifully landscaped backyard featuring a hot tub, firepit area, and plenty of grassy space for gatherings, play, or relaxing outdoors. The walkout lower level provides easy access to the backyard and additional flexible living space with tile floors throughout.
The sun filled living room features a charming woodburning fireplace, while the main level also includes a bedroom and renovated full bathroom, ideal for guests or a home office setup. Hardwood floors run throughout both the main and upper levels, adding warmth and character to the home. Upstairs, you will find three bedrooms and two fully renovated bathrooms, including a true primary suite with double sinks, a walk in closet, and a beautifully updated en suite bathroom.
Additional highlights include a private driveway for off street parking and an ideal location just minutes from downtown Silver Spring, Sligo Creek trails, parks, restaurants, and Metro access. This exceptional home offers the perfect blend of charm, comfort, and convenience.
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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 Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017