10127 RED SPRUCE ROAD
About This Property
A truly rare highlight is a custom designed top-quality elevator (1,000 lbs capacity); so tastefully designed it resembles a charming exterior chimney on the outside and not even noticed on the inside, providing convenient access to all three levels of the home. Upstairs, you'll find four spacious bedrooms with brand-new carpet and remodeled primary bath. The lower level is semi-finished and offers abundant additional living space along with a full bath. With a total of five bedrooms and 3.5 baths, 2 car garage and an extra parking pad, this home delivers outstanding comfort, versatility, and room to grow.
Prime Location: In the highly rated Woodson HS Triangle, Close to George Mason University, historic downtown Fairfax, shopping, restaurants, and easy access to major commuter routes (123, Braddock Rd, and I-495)
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017