$249,000
●
House -
Off Market
215 LOCUST AVENUE
COLONIAL BEACH, VA 22443
3 Beds
2 Baths
1,314 Ft²
$347,702
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
This totally remodeled home is just blocks from the Potomac River
in Colonial Beach, VA. The complete renovation was in 2022,
complete with all of the modern updates. The brand new roof and
siding give the house great curb-appeal and is inviting to your
guests. Once inside, the shiplap accent wall in the living room
adds texture and light to the room. The white kitchen gives the
space a fresh and clean feel. The new floors are simple to maintain
and are easy to clean. The roof, hot water heater, and HVAC were
all replaced in 2019. The back yard is fully fenced, with
enough space to park extra cars, trailers, boats, etc. behind the
privacy fence, using the access road. The home is currently being
used as a multi-generational home, with one of the three bedrooms
converted to a kitchenette (which can be reversed back to a
bedroom, if desired). There is no HOA in this neighborhood and
there are no restrictions on short-term rentals. All that to say,
this is one house you will certainly want to see in-person!
Unit Size
1,314 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$266
Property Type
House
Property Taxes
$123
HOA Dues
-
Year Built
2010
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 10 months ago (Bright MLS #VAWE2005344)
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Colonial Beach
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Listed by: Lindsey S McClellan
EXP Realty, LLC
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# VAWE2005344
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
EXP Realty, LLC
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# VAWE2005344
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