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9509 CAROLINE AVENUE
About This Property
Full of character, the home showcases timeless architectural details, including colorful vintage mid-century tile in both bathrooms. The spacious kitchen offers abundant counter space and cabinetry, making meal preparation and entertaining a breeze. Just off the kitchen, you'll find a large pantry. Separate laundry room featuring a full-size washer and dryer, providing both convenience and additional storage.
Enjoy seamless indoor-outdoor living with a bright screened porch complete with soaring ceilings, French doors, and a ceiling fan-an ideal space for relaxing or entertaining. Step outside to a private brick patio and a fully fenced backyard offering plenty of room for pets, gardening, or creating your own outdoor retreat. New fire pit perfect for entertaining. The welcoming front porch is the perfect place to enjoy your morning coffee.
Storage is plentiful throughout the home, with spacious bedroom closets, Generous floored attic offering abundant storage space and additional storage in the utility room. Major updates provide added peace of mind, including a newer roof, furnace, and washer and dryer and a new water heater. Ideally located near parks, public transportation, shopping, dining, and commuter routes, this charming home offers comfort, character, and an exceptional lifestyle in a highly desirable location.
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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