2906 PINE SPRING ROAD
About This Property
Welcome to The Pine Spring Hideaway, tucked into the quiet Falls Church neighborhood of Pine Spring. This 3-bedroom, 2-bath detached rambler offers thoughtful updates, great natural light, and an exceptional backyard setting. An enclosed front porch creates a welcoming entry and functional mudroom. Just beyond, the kitchen features updated LVT flooring, painted cabinets, and a newly added bar and breakfast nook (2024) that flows naturally into the main living spaces. The living and dining area is anchored by a wall of oversized windows and a skylight, filling the home with incredible natural light. Two bedrooms and a full bath are privately positioned at the rear of the home, while a third bedroom near the entry works perfectly as an office or guest space alongside a fully renovated bathroom (2024). Major system updates include a new HVAC system (2023) and electrical panel (2023). The expansive, private backyard is a true highlight, enhanced by a new fence (2020) and offering a pergola, fire pit, shed, and turf, ideal for entertaining and everyday enjoyment. Convenient to Route 50, I-66, and I-495, with nearby favorites like Audacious Aleworks, Clare and Don's Beach Shack, Northside Social, and Eden Center just minutes away.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017