20428 BOWFONDS ST
About This Property
The open and airy atmosphere throughout and the interior boasts numerous design improvements, including hardwood floors on the main level, a private office with french doors and built-in book case. The kitchen showcases beautiful granite countertops, stainless steel appliances, a large center island and is open to the family room with access to the rear deck and yard. The fully fenced rear yard features a spacious deck and a fully fenced yard with mature landscaping, backing to HOA maintained common space. On the upper level, the generous primary suite is complete with a tray ceiling, ample natural light, access to the upper front porch, two walk-in closets, a newly renovated en-suite bathroom, and access to the upstairs family room. The upper level also offers three additional bedrooms and a renovated hall bath. The Lower level is extremely spacious with a large recreation room, den, full bathroom and storage/utility room.
Located in the serene neighborhood of Belmont Greene, this home is conveniently located to top rated schools including the elementary school, middle school, and high school that surround the neighborhood. This home is also close to the community pool, playgrounds, shopping center, and the local amenities of Ashburn and Leesburg. Truly must see!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017