20
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14 MYRTLE ROAD
About This Property
The Hickory Ridge community sits on the northeast side of Fredericksburg in Stafford County, near Stafford High School and the Dogwood Airpark. Commuters have easy access to I-95 via the Centreport Pkwy ramp, and the VRE Leeland Road station is about a mile away for those heading into DC. GEICO, one of the region's largest private employers, is based nearby, and the area is within easy reach of the Federal government, Marine Corps Base Quantico, the University of Mary Washington, and Mary Washington Healthcare. Everyday shopping and dining line Route 17 close by, including Target, Lowe's, and Giant. Outdoor recreation is easy with several parks along the Rappahannock River, including River Road Park, St. Clair Brooks Park, and John Lee Pratt Memorial Park, all a short drive away. Historic Downtown Fredericksburg, with its shops, restaurants, and riverfront, is about 15 minutes from home!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2026 | Price Decreased |
$464,900
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Jun 5, 2026 | Price Decreased |
$474,900
↓ $4K
(0.9%) | |
| Price Decreased | |||
| May 19, 2026 | Listed by CENTURY 21 New Millennium | $479,000 | |
| Listed by CENTURY 21 New Millennium | |||
| Jul 25, 2025 | Price Increased |
$490,000
↑ $25K
(5.4%) | |
| Price Increased | |||
| Jul 31, 2024 | Sold | ||
| Sold | |||
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About Hickory Ridge
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$2,550 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017