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1522 MILLIKENS BEND ROAD
About This Property
Inside, the home has been improved with major updates that bring peace of mind, including a new mini-split HVAC system, an updated 200-amp electrical system, a newer roof installed within the last 10 years, and brand-new kitchen appliances less than a year old. The kitchen is ready for daily living, entertaining, and everything in between, while the hardwood flooring creates a timeless flow throughout the home. One of the standout features is the sunroom addition, completed last year, creating a beautiful bonus space filled with natural light. Whether used as a morning coffee spot, reading room, home office, playroom, or plant-filled retreat, this space adds flexibility and character to the home.
Perfect for a wide range of buyers, this property offers comfort for a first-time homeowner, practical updates for a move-up buyer, and long-term value for anyone looking to be near the heart of Herndon, Reston, Dulles, and the greater Northern Virginia corridor. Enjoy easy access to shopping, dining, parks, commuter routes, and nearby Silver Line Metro options, making travel throughout Northern Virginia, Washington, D.C., and Dulles Airport more convenient. Spend weekends exploring local restaurants, parks, trails, Reston Town Center, Historic Herndon, and the Washington & Old Dominion Trail, all while coming home to a property that has already had several meaningful updates completed.
With its combination of location, updates, charm, and flexible living space, this Herndon home is ready to welcome its next chapter.
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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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About Dranesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017