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15922 EDGEWOOD DRIVE
About This Property
The upper level features a bright living room, a formal dining room with convenient access to the backyard, and a well-appointed kitchen. Kitchen has granite counter tops, stainless steel appliances and a portable island. The spacious primary bedroom includes a private ensuite bathroom with walk in-shower, while two additional bedrooms and a full hallway bathroom complete the main level.
The lower level offers even more living space with a generously sized recreation room featuring a wood burning fireplace. Two additional bedrooms and a full bathroom provide flexibility for guests, a home office, or extended living arrangements. The laundry and utility room is located on this level, along with a convenient storage/mudroom that provides excellent functionality and direct access to the garage.
Step outside to enjoy the rear deck and partially fenced backyard, offering space for outdoor dining, entertaining, gardening, or simply enjoying the outdoors. Recent updates include a new roof installed in 2023 and gutters replaced in 2020.
The community of Montclair offers a welcoming atmosphere and a range of amenities that caters to everyone. Enjoy access to lakes, parks, and walkways, providing endless opportunities for outdoor activities. Membership opportunities for Montclair Country Club also available that include golf, tennis, swim and more! Ideal for commuters, this home offers convenient access to I-95, Route 234, and Route 1, making travel throughout Northern Virginia a breeze. Don't miss the opportunity to make this wonderful property your own!
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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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About Montclair
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017