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169 APPLEGATE DRIVE
About This Property
Welcome to 169 Applegate Drive-an exceptional opportunity to transform a lovingly maintained home into your dream. Nestled on a private street in the sought-after Forest Ridge community, this spacious three-level home offers 4 bedrooms, 2.5 baths, and a 2-car garage.
The main level features an inviting living room, a separate formal dining room, and an eat-in kitchen that flows seamlessly into the cozy family room with a wood-burning fireplace. Step outside to a sprawling deck overlooking a tree filled, fenced backyard-perfect for entertaining, weekend cookouts, peaceful mornings with coffee, or playtime with kids and pets.
Upper level boasts 4 large bedrooms, walk-in closets, a private primary ensuite with 2 sinks and a second full bathroom.
The fully finished lower level provides incredible versatility, ideal for a home theater, gym, guest space, office, and abundant storage.
Enjoy the convenience of living just minutes from a wide array of dining, shopping, entertainment, recreation centers, libraries, and the scenic W&OD Trail for biking and walking. For travelers, you're only 6 miles from Dulles International Airport.
Major updates include:
New Roof w/ 5" gutters & gutter guards (2023)
New Windows (2022)
New HVAC & Hot Water Heater (2025)
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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 Forest Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017