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1016 PENDLETON STREET
About This Property
Inside, the open main level creates an easy flow between the living and dining areas, with beautiful floors and abundant natural light. The kitchen is thoughtfully appointed with quartz countertops and opens naturally to the living spaces, while a convenient powder room completes the main level.
Upstairs, two generously sized bedrooms feature warm flooring and share a spacious full bath with laundry, making everyday living wonderfully convenient.
But the real surprise is outside. The large, fully fenced backyard feels like your own private oasis, with a deck, patio, mature landscaping and plenty of green space for relaxing, entertaining or simply enjoying a quiet morning outdoors. Brick pavers lead to two off-street parking spaces - a true luxury in Old Town.
And for VA buyers, there's an added opportunity: an assumable VA loan, offering the ability to assume the seller's existing financing and below-market interest rate, subject to lender and VA approval.
And the location? It doesn't get much better. Step outside and you're less than a block from neighborhood restaurants, coffee, Capital Bikeshare and a park with bocce and ping pong. Braddock Road Metro is just four blocks away while the shopping and restaurants of King Street are just four blocks south, putting the best of Old Town and the greater DC area within easy reach.
Charming, private, freshly painted, incredibly convenient - and with parking, a spacious yard and an assumable VA loan. This is Old Town living at its best.
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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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About Downtown Alexandria
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017