2982 FRANKLIN OAKS DRIVE
About This Property
The following updates have been made to enhance the property's value: a brand new roof valued at over $50,000, new carpet worth $8,000, fresh paint totaling $8,000, a basement sump pump and French drain system at $25,000, new windows costing $30,000, and a new HVAC system valued at $12,000. Add a beautiful screened porch and a sunroom. and well, wow!
We are now offering a price adjustment that reflects over $155,000 in value. This is a fantastic opportunity in a great neighborhood with excellent schools. Add your personal touch and expand to the lower level to truly make this home your own!
The gourmet kitchen features granite countertops, a center island, and a breakfast area overlooking the family room with a raised-hearth brick wood-burning fireplace. This room opens to a spacious screened-in porch, ideal for relaxation and entertaining.
Upstairs, all four bedrooms have replacement windows, large closets, new carpeting, and ceiling fans. The laundry room is conveniently located on the same level. The unfinished in-ground basement offers potential for customization, and the pool table will convey with the home.
Franklin Oaks is a desirable community with a central pond and walking paths, located near employment centers such as Tyson's Corner and the Dulles Technology Corridor, with easy access to major roads. The home is served by excellent Fairfax County schools in the Oakton High School Pyramid.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2025 | Sold | ||
| Sold | |||
| Aug 25, 2025 | In contract | - | |
| In contract | |||
| Aug 13, 2025 | Price Decreased |
$1,020,000
↓ $155K
(13.2%) | |
| Price Decreased | |||
| Aug 5, 2025 | Price Increased |
$1,174,900
↑ $25K
(2.2%) | |
| Price Increased | |||
| Jun 8, 2025 | Listed by Samson Properties | $1,150,000 | |
| Listed by Samson Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017