9811 DALLAS AVENUE
About This Property
The kitchen opens to a formal dining room and features granite countertops, stainless steel appliances, tile backsplash, and peninsula seating. In addition to a large living room, the main level has a full bathroom and a bedroom that could also serve as an office. A door off the side of the kitchen leads to a large, fenced, and flat backyard with a play structure and a beautiful pool with gazebo for poolside entertaining. Upstairs you'll find 3 spacious bedrooms, including a primary bedroom with a large walk-in closet and custom shelving.
On the lower level, there is a large recreation room, perfect for movie time or play time, as well as a bonus room that could be a great office or exercise room with ceilings high enough for your Peloton! The lower level also has a large laundry room with built-in storage and shelving, and it has a separate door to the rear yard. Updates include new water heater (2024), HVAC (2023), washer & dryer (2023), and kitchen appliances (2022).
Driveway for off-street parking. Just down the street from Sligo Creek Park, the home is close to trails, playgrounds, playing fields, and a golf course, as well as shopping and entertainment in downtown Silver Spring. It's also well situated for commuting near major transportation corridors and metro stops in Forest Glen and Silver Spring . This tight-knit community also hosts lots of fun activities throughout the year - a fall festival, garden tours, summer concert series, and much more. Welcome home!
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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 Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017