12109 ROCKLEDGE DRIVE
About This Property
The main level features hardwood flooring, a light filled living room, and a custom built in that adds both character and storage. The kitchen is bright and thoughtfully updated with granite countertops, stainless steel appliances, a wall oven, and a gas cooktop. The layout flows easily from the kitchen to the backyard, creating a natural extension for everyday living and entertaining.
Two bedrooms are located on the main level, offering flexibility for guests, home office space, or single level living. Upstairs, you will find two larger bedrooms and a full bath with comfortable ceiling height and generous space.
Additional features include upgraded light fixtures, built in shelving, a recently refreshed bathroom and laundry area, and thoughtful decorative touches throughout.
The backyard is fully fenced and offers a large, usable outdoor area. This home features a one car garage and large driveway. Recent updates include newer replacement windows, 2021 HVAC, 2022 roof and repaved driveway.
Located just moments from Whitehall Pool and Tennis Club and close to shopping, dining, and major commuter routes into Washington DC, this home combines convenience and beauty.
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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