1629 STOWE RD
About This Property
The freshly refinished hardwood continues from the main floor up the stairs and continues throughout the entire second floor. The primary suite offers a luxurious new ceramic tiled bathroom with large, glassed shower and two ample closets that include custom hanging and shelves, alongside two additional bedrooms and a newly updated hall bath. Each bedroom includes new ceiling fans with lights. Pull-down stairs in the upstairs hall provide easy access to ample attic storage.
The walkout lower level with sliding glass doors leads to a spacious patio. The lower level features a comfortable recreation room, a fourth bedroom with a walk-in closet, and a new full en-suite bath, along with a utility/storage room, and new water heater. In addition, the home features new recessed and ceiling lighting, freshly finished hardwood floors, new carpeting in the lower level, the entire exterior and interior is freshly painted and has been beautifully re-landscaped in a lot with mature trees. All interior and exterior door hardware has been replaced. New front door and front walk. New washer and dryer. The furnace and AC condenser were replaced in 2012.
Conveniently located just one mile from Reston Town Center and Metro, this home is also within walking distance of Lake Anne Plaza's restaurants and entertainment, as well as scenic Lake Newport for nature walks. For those who enjoy an active lifestyle, the property offers convenient access to a community pool and tennis courts, providing ample recreational opportunities right in the neighborhood. Bike enthusiasts will appreciate the proximity to extensive trails that weave throughout the area.
The Stowe Road community is welcoming and hosts various gatherings throughout the year, including Fourth of July celebrations and Halloween festivities. Plus, you're just 10 minutes from Dulles International Airport and Tysons.
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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 Reston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017