11488 BINGHAM TERRACE
About This Property
As you enter, the foyer provides access to the formal living room, formal dining room, and kitchen, creating a natural and functional flow for both everyday living and entertaining. The family room is anchored by a GAS fireplace and connects seamlessly to the outdoor space. These main level areas have all been freshly painted, giving the home a bright and refreshed feel.
Just off the living room, the refinished deck, completed in 2024, offers a rare sense of privacy with no direct sightlines to neighboring homes. It is an ideal setting for quiet mornings or hosting guests.
Upstairs, the primary suite features its own private bathroom and a soaking tub. Four additional bedrooms are located on this level along with an updated full bathroom, providing flexibility for guests, office space, or additional living needs.
The lower level offers a walk out design and is filled with natural light from a large sliding door and windows. This space has been freshly painted and includes custom built ins, making it well suited for a recreation room, home office, or additional living area. A substantial storage room provides ample space for seasonal items and long term storage.
This home has been extensively improved with the following updates:
$78,000 new vinyl siding, thermal insulation wrap, and roof shingles completed in 2023
$15,600 new HVAC system and compressor installed in 2025
$10,000 new attic insulation added in 2024
$6,000 exterior paint completed in 2023
$5,600 interior paint in the kitchen, dining room, foyer, and lower level completed in 2026
$4,500 Andersen windows installed in the basement and garage in 2025
$4,000 exterior termite and pest prevention system installed in 2024
$2,500 deck refinishing completed in 2024
Whole home water filtration system installed
Primary bathroom soaking tub pump replaced in 2022
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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 Reston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017