1206 KARIG PL
About This Property
Welcome to Franklin Hills, an exclusive community of custom single-family homes nestled on well-groomed acre lots along Seminary Road in sought-after Alexandria, Virginia. Each home will offer an expansive layout of over 8,000 square feet of living space, five bedrooms, and carefully selected designer finishes affording homeowners the highest level of luxury living. Listing is for lot 3. Pools and other custom features are optional.
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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 |
|---|---|---|---|
| Aug 12, 2024 | Sold | ||
| Sold | |||
| Oct 16, 2023 | In contract | - | |
| In contract | |||
| Jan 10, 2023 | Listed by McWilliams/Ballard Inc. | $2,899,900 | |
| Listed by McWilliams/Ballard Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017