9617 ELDWICK WAY
About This Property
The upper level features a huge luxury primary suite with tray ceiling, two walk-in closets with custom built-in, dual vanities with granite counter and jacuzzi tub and separate shower stall. Adjacent room can be either a sitting room or bedroom. Three additional well proportioned bedrooms with one private bath and a Jack & Jill bath. Hardwood floor throughout entire top level. Fully finished walkout lower level has a wet bar, a glass sliding door to backyard, and two additional bedrooms with windows, and a full bath. This house has well designed driveway with circle garden center, side load garage, and ample parking space.
The entire interior is freshly painted. Two of three HVAC systems were updated in 2020. Water heater, 2022. All stainless appliances were replaced in 2022-2024, except the trash compactor and sink water heater are new . Chimney and front path way were rebuilt in 2022. Deck is rebuilt in 2019 and also freshly painted. Most of windows and sliding doors were replaced in 2015. The powder room is newly renovated.
Very convenient commuting with Ride-on bus down the street and easy access to I-270 and I-495. Close to Potomac Village and Cabin John shopping center.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017