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3128 WAYNE ROAD
About This Property
Step inside to a spacious, inviting living room. Beautiful hardwood floors and recessed lighting flow seamlessly throughout the main level into the ultimate chef's kitchen and dining area. The culinary space is a true showstopper, boasting top-tier stainless steel appliances, including a professional-grade Viking double-oven range with a built-in grill/griddle, a commercial warming rack/hood, and a premium French-door refrigerator. The eat-in kitchen opens through elegant French doors to an expansive, entertainer's backyard. For unparalleled main-level convenience, you'll also find a spacious bedroom, a pristine full bathroom, and a modern laundry setup with a newer washer and dryer.
Upstairs, the primary suite serves as a private sanctuary, featuring dual closets with a generous walk-in, custom built-in storage, and a luxurious en-suite bath. Two additional luminous, hardwood-floored bedrooms with large closet spaces share a third full bathroom featuring a Jacuzzi bathtub and a walk-in shower.
The exterior is meticulously designed for entertaining and hobbies alike, featuring a new front porch, a massive back patio, a cozy fire pit, and raised organic planter beds within a fenced, private backyard that backs directly to serene trees and wooded views. A detached garage and a separate shed offer substantial secured storage or the perfect workshop space.
Enjoy total peace of mind with a pre-installed SimpliSafe security system including a video doorbell, a newer roof, a new water heater, and a regularly serviced furnace.
Ideally situated for both lifestyle and commuting, this home is nestled in an established, tree-lined neighborhood served by Fairfax County Public Schools, with Westlawn Elementary located just blocks away. Residents will enjoy a commuter's dream just off Route 50 and moments from the I-495 Capital Beltway, making drives to Tysons, Arlington, and Washington D.C. remarkably quick, while remaining less than 10 minutes from the world-class dining, boutique shopping, and entertainment at the vibrant Mosaic District and Falls Church City.
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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