2842 SUBTLE LANE
About This Property
In 2018, the roof was replaced; new insulation was installed in the attic in 2020; the kitchen appliances were installed in 2016; an energy-efficient HVAC system was installed 2 years ago; Speed Queen in the laundry room was installed in 2015 and a Navien tankless water heater was installed in 2016. The outside lights were replaced in June, 2022, and the deck off the dining room was sanded and repainted in June too. Entertaining will be easy in the large rec room on the lower level with a second fireplace and another sliding glass door to the patio. New shutters and blinds throughout were installed in 2016. The seller hired Doug Horton from BPG Inspections to conduct a pre-listing inspection; a copy is at the house for buyers to review. Some minor issues he found were addressed. The home inspection done by BPG does not preclude the buyers conducting their own home inspection!
The neighborhood is 6 minutes from Metro (Vienna) and 5 minutes from Mosaic District, with its Sunday (and Thursday) Farmer's Market, Alta Strada Italian Restaurant, Our Mom Eugenia Greek Restaurant, Four Sisters Vietnamese Restaurant, Ted's Bulletin, Shake Shack, True Food, and who doesn't love Pupatella for pizza! Shop the boutiques and find that special something to wear! Safeway (in the Pan Am Shopping center), Giant, Lidl, Aldi, H-Mart, Trader Joe's, Amazon Fresh, MOM's, Harris Teeter and other stores are a short drive away for groceries. I-66 access is easily accessed too. Downtown Vienna is a short drive away. A popular gathering place to have a beer and burger is Open Road Grill and its adjoining sophisticated spot, Trio Grill, on Lee Highway, just outside the Mosaic District.
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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.
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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017