248 POTOMAC ROAD
About This Property
Upon entry, you're greeted by warm hardwood floors that flow through the formal living and dining rooms, lending a refined and inviting presence. The kitchen has been completely renovated featuring stainless steel appliances, stone floor, gas cooking, tiled back splash and granite counters. Bright and efficient for everyday meals and entertaining alike. A family room and a convenient half bath round out the first-floor living spaces, offering flexibility and flow.
Upstairs, the primary suite enjoys a walk-in closet. Two additional generously sized bedrooms share a renovated full bath accessible from the hallway. A pull-down staircase gives access to a full attic ideal for storage.
The basement is partially finished with a beautiful fully renovated bath. There's also a laundry/storage area. and egress window. Basement has been professionally waterproofed as well.
The property sits on a level, fully fenced rear yard, with a garden shed adding storage for tools or outdoor gear. A spacious deck off the back is ideal for alfresco dining, relaxing, or entertaining in summertime.
The home fronts a lovely, tree‑lined street typical of the Fairfax enclave, offering curb appeal and neighborhood charm. Parking includes an attached garage plus driveway and street options. Conveniently located off the 202 corridor, close to shopping, I-95 and train station.
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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 Fairfax
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017