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1395 STRATTON DRIVE
About This Property
The Main Level: Designed for both effortless daily living and grand entertaining, this floor features large opened rooms that all flow seamlessly and gleaming, newly re-finished hardwood floors. A show-stopping, oversized living room with large windows is a fantastic space to gather with friends or host large holiday celebrations. The formal dining room adjoins an updated eat-in kitchen, with custom cherry cabinets, stainless steel appliances and granite countertops. Cozy up in the adjacent family room, complete with a classic brick fireplace.
The Upper Level: Retreat to four generous, well-lit bedrooms, highlighted by a beautifully renovated primary suite featuring a custom tile shower and glass door. The shared hall bath offers a premium touch with a double vanity and a soothing jetted tub.
The Lower Level & Extras: The massive lower-level recreation room features brand-new carpet and fresh paint, making it the perfect media room, play space, or home gym. A large separate laundry and storage area offers incredible potential for a future additional finished room. Recently replaced HVAC and roof.
The Location: Located within sought-after Potomac Woods, this home is just three houses away from an enormous three-level park that includes playgrounds, basketball courts, tennis courts, and walking paths. It is also blocks away from top-rated Ritchie Park Elementary and an easy walk to the vibrant dining, shopping, and everyday conveniences at Park Potomac and Harris Teeter. The home is also a short walk to Potomac Woods Swim and Tennis Club.
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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