1504 MILESTONE DR
About This Property
Located in a well-established neighborhood with no HOA, this home is central to all of Fredericksburg's main attractions. It's just moments from downtown Fredericksburg, Central Park, Spotsylvania Town Center, and only minutes from I-95. Experience the perfect blend of modern farmhouse luxury and convenient living at 1504 Milestone! Major Home Repairs and Upgrades at 1504 Milestone - **Roof**: Replaced 14 years ago - **Siding and Vinyl-Wrapped Windows**: Brand new with transferable warranty, replaced in 2021 - **Driveway**: Paved and sealed in 2023 - **Doors**: - Front Storm Door: Replaced in Fall 2021 - Side Entry Door: Replaced in Fall 2021 - Kitchen Slider: Replaced in Fall 2021 - **HVAC System**: Replaced in May 2024, including both inside and outside units - **Hot Water Heater**: Replaced in 2022 - **Washer and Dryer**: Replaced in 2022 - **Kitchen Appliances**: All replaced in 2021 - **Flooring**: All new LVP flooring installed throughout the home
***OFFER DEADLINE MONDAY 6/3 AT 4 PM***
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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.
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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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About Spotsylvania
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$2,500 /mo
- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017