2318 RIVERVIEW TER
About This Property
One of the standout features of this home is its prime location. A very short walk to the Huntington Metro station ( 3 minutes), commuting to Washington, D.C., and the surrounding areas is a breeze. Additionally, Amtrak/VRE at King St. is less than 10 minutes away along with the vibrant offerings of Old Town Alexandria, including shopping, dining, and entertainment. Wegmans, AMC Hoffman, Bad Ass Coffee, Lost Boy Cider, Atlas Brew Works, and One Life Fitness are all 7 minutes in the nearby Carlyle neighborhood.
The newly configured kitchen was renovated in 2020 and boasts ample cabinet space, quartz countertops, and stainless steel appliances. A bonus all-season room addition off the kitchen makes a great office or additional family room that walks out to the deck, with perfect flow for entertaining.
New roof 2024, Tankless water heater 2022
Upstairs, you'll find two spacious bedrooms and a full bathroom renovated in 2020 with a unique double vanity.
The finished lower level offers additional living space, perfect for a family room, home office, gym, or guest suite, and includes a second full bathroom. This level could also double as a separate rental space with a separate entrance.
Private, fully fenced backyard with deck off kitchen, ideal for outdoor activities and entertaining.
Off-street, driveway parking for 2 vehicles and ample parking on the street.
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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%.
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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.
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 Huntington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017