1323 APRIL WAY
About This Property
Outside, you'll find a fully fenced rear yard with both deck and patio, perfect for entertaining or relaxing. Recent major updates include a new roof with a 50-year warranty and gutter guards installed in 2023, a UV air filtration system added in 2023, and a furnace motherboard replacement in 2021. The furnace was replaced in 2013, ensuring reliable home comfort. Private driveway with space for two cars, and additional parallel parking on April Way.
As part of the Four Seasons Recreation Association, residents enjoy access to a pool, clubhouse, tennis courts, basketball courts, volleyball, soccer field, and more. The home is located just minutes from vibrant Downtown Herndon with many restaurants, Aslin Brewery, and shopping options to choose from. Commuters will appreciate the proximity to Dulles Airport, easy access to the Dulles Toll Road and Route 28, and an approximately 2-mile drive to the Innovation Center Metro station. Welcome home!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017