1651 LOZANO DRIVE
About This Property
The welcoming foyer features flagstone flooring, a coat closet, and a powder room. The main level offers refinished hardwood floors, crown molding, chair rail accents, and abundant natural light throughout. The formal living and dining rooms provide elegant entertaining spaces, while the updated kitchen features granite countertops, tile backsplash, stainless steel appliances, recessed lighting, and a spacious breakfast area. The adjoining family room includes hardwood flooring, a wood-burning fireplace with brick hearth and wood mantel, built-in bookcases, and French doors leading to the backyard. **
Upstairs, brand-new carpeting extends throughout the bedroom level. The spacious primary suite includes a sitting room or home office, walk-in closet, multiple additional closets, and a beautifully updated bath with granite-topped vanity, brushed nickel fixtures, ceramic tile flooring, a frameless glass shower, and custom tile surround. Three additional bedrooms and an updated hall bath complete the upper level. **
The finished lower level offers exceptional flexibility with a large recreation room featuring recessed lighting, a kitchenette area with refrigerator, microwave, sink, and cabinetry, an additional fifth bedroom with egress window, a full bath, and a versatile bonus room ideal for a home office, gym, or guest space. This level is well suited for an in-law suite or extended-stay guests. **
Outdoor living is equally impressive with a private open backyard, mature trees, a large rear deck with built-in bench seating, and beautiful landscaping. Additional highlights include updated windows, a laundry room with front-loading washer and dryer, a two-car garage with extensive storage shelving and bike hooks, Tesla Charger, water filtration system, and a 2023 HVAC system and 2022 Water Heater. **
Enjoy an exceptional lifestyle with direct access to nature, recreation, and commuter convenience. Backing to Meadowlark Botanical Gardens, tennis, pickleball, and basketball courts just down the street in Sun Valley Park, Wolf Trap National Park for the Performing Arts, the Gerry Connolly Cross County Trail, and the W&OD Trail this home offers endless opportunities for outdoor enjoyment. Residents will also appreciate the easy access to the Silver Line Metro, Reston, Tysons, and I-267. Combining spacious living, thoughtful updates, and a premier Vienna location backing to parkland, this is a rare opportunity not to be missed.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017