3009 CREST AVE
About This Property
This home has been meticulously maintained and thoughtfully updated by the type of Sellers we all want to buy from. Sited up on the hill on tree-lined Crest Avenue, 3009 is ready for you to settle right in. Charm in every corner, from the hand-painted accent bedroom wall to the expansive picture window in the dining room and the solid oak floors, this home lives like you are in a magazine.
In addition to the living room, dining room, and kitchen, there is also a lovely den and a large sunroom on the main level. The upper level features 3 bedrooms and a full bathroom. The recently-finished lower level offers fabulous flexible living space with it's own full bath, laundry/storage room, and plenty of space for guests and/or additional living room.
The elevated 8,276 SF lot (.19 acres) creates a private experience amongst the treetops. The tiered back yard offers TWO fantastic spots for relaxing and entertaining: the walk-out level, fenced back yard has a flat grass area and a stunning new stone patio while the additional, elevated patio (above recently re-built steps) has you perched high with the birds for your morning coffee or evening tea or wine.
The town of Cheverly has an established parks and recreation department, the Cheverly pool (with tennis & pickleball courts), the mile-long wooded trail from metro to town park, new playgrounds, a huge town park with fireworks, an annual Cheverly Day celebration, and even a bootcamp MWF 6am in town. Did you know you could find this just minutes outside of DC? We did - and now you're in on it too. Welcome home!!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017