9613 OLD SPRING ROAD
About This Property
The inviting main level offers both formal and informal living and dining spaces, centered around a chef's kitchen that opens to the great room showcasing a distinctive stone gas fireplace. The back living area opens to a welcoming covered patio for seamless indoor-outdoor entertaining. The main level also features a spacious mudroom and a private bedroom suite-complete with a full bath and walk-in closet-perfect for guests or multigenerational living.
Upstairs, the primary suite oasis features a tiered tray ceiling with statement chandelier, large walk-in closet, and a private sitting area leading to an expansive spa-inspired bath. Three additional bedrooms offer ultimate privacy, each equipped with a custom en-suite bath and a walk-in closet.
The finished lower level provides another large living space, guest room, home gym, kitchenette, and an optional theater room, creating the perfect setting for relaxation and entertainment.
Ideally located in the sought-after Rock Creek Hills community of Kensington- seconds to Beach Drive and the Rock Creek Park trails. Less than 1.5 miles to Marc Train, Forest Glen Metro, and downtown Kensington shops and dining. Less than 5 miles to Pike & Rose, and convenient to NIH, Walter Reed, and commuter routes into DC.
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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 South Kensington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017