2711 FORT DRIVE
About This Property
From the moment you arrive, the charm is undeniable-an end unit with its own driveway, a front yard, a welcoming porch, and a backyard setup you'll want to show off. Inside, contemporary finishes and thoughtful design create a welcoming atmosphere: hardwood floors throughout, open-concept living, and a rear addition that houses a chef's dream kitchen with real wood cabinetry, quartz counters, and Samsung stainless steel appliances.
In 2020, the home underwent a comprehensive renovation that extended well beyond aesthetics-featuring new windows, high-efficiency HVAC and ductwork, a new water heater, updated plumbing and electrical systems (with EV charger wiring), and modern LED lighting.
The primary suite has a large closet and spa-like bath, while the fully finished basement (with full bath) is perfect for guests or that much-needed bonus space. And let's not forget the custom-designed backyard-ideal for grilling, fire pits, and laid-back evenings in your private outdoor retreat.
You're minutes to 495, Old Town, and the airport, and walking distance to local shops, restaurants, and the Metro. Jefferson Manor is a tight-knit community with neighborhood events year-round. This one's got it all-location, style, and a backyard that seals the deal.
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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 Groveton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017