9915 SUTHERLAND RD
About This Property
Having an in-law suite on the main level means that allows for more privacy and autonomy for the guests or family members staying there. This type of space can also be used as a home office, a playroom, or a guest room for visitors who come to stay for an extended period of time. The recent updates to the house including NEW FLOORING, FRESH PAINT , and RENOVATED BATHROOMS AND KITCHEN are all great additions that can add value to the property and make it more comfortable to live in. This house has a lot of great features and updates that would make it a desirable place to live, especially for those who need to commute to D.C. or other surrounding areas, easy access to Metro Stations and Major Highways: I-495 and I-95.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 24, 2023 | Sold | ||
| Sold | |||
| Apr 24, 2023 | In contract | - | |
| In contract | |||
| Apr 1, 2023 | Price Decreased |
$675,000
↓ $24K
(3.4%) | |
| Price Decreased | |||
| Mar 17, 2023 | Listed by Pearson Smith Realty, LLC | $699,000 | |
| Listed by Pearson Smith Realty, LLC | |||
| Jan 30, 2023 | No longer available | - | |
| No longer available | |||
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About Silver Spring
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$3,500 /mo
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$3,600 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017