11218 LEATHERWOOD DRIVE
About This Property
The main level has an open floor plan with tons of natural light and oversized windows. New wide plank flooring is featured throughout the whole house. The spacious living area includes a natural gas-log fireplace and flows seamlessly into the large dining space which is the perfect spot to host dinner guests. Additionally, the dining area has ample room and can fit as small or as large as a 12+ person table if you choose. Great for entertaining! The huge gourmet kitchen features new stainless steel appliances, open shelves, modern box hood, and a large custom built-in pantry. The kitchen also features tons of cabinetry including pull out cabinets for spice rack and cooking trays, and a giant picture window looking out to the huge deck and beautiful wooded scenery! Amazing deck and large patio space below are where the new owners can enjoy relaxing, grilling, or dining al fresco. Down the hall on the main floor there are 3 well-appointed bedrooms. The primary bedroom includes an exclusive full bath with a gorgeous and elegant design including a curbless shower with glass surround that features two shower heads including a rainfall. Primary also features a large walk-in closet. A second full bathroom completes the main level.
The lower level includes a large recreational space with nearly wall to wall glass doors that showcase the scenic surroundings and give you access to the large walk-out patio. The lower level also features a full bath with shower stall, additional bedroom, generously sized bonus room with huge walk-in closet, laundry area, and large storage area. Just outside the home you will find a natural path that leads you down to the trail where the new owners can enjoy leisurely afternoon strolls or activities.
The Reston Association amenities include access to 15 outdoor swimming pools, 55 miles of paved and natural surface trails, 52 tennis courts, multiple tot lots, and multi-purpose courts!
Convenient access to Route 28, Dulles Toll Rd, Dulles International Airport, and is only minutes from the Silver Line Metro. Notable points of interest include Reston's Lake Audubon, Washington and Old Dominion paved trail, Reston Town Center (dining, shopping, movies, and outdoor events), Wolf Trap Center of Performing Arts, the brand new Capital One Hall, Great Falls National Park, and Tysons Corner Shopping Center!
This home is an incredible value you won't want to miss!
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017