3378 MONARCH LANE
About This Property
Welcome home to this stately renovated colonial in Prosperity Heights! This beautiful home boasts five bedrooms and two and a half baths and includes 3,310 square feet of finished living space across three levels. The home is a must see - with a brand new expanded kitchen (2023) with quartz countertops, stainless steel appliances, farmhouse sink, and island with bar seating. The cozy family room off the kitchen has a white brick, wood-burning fireplace with wood mantle and access to the large Fiberon deck (installed 2022) which is perfect for relaxing, entertaining, and grilling out. The formal living and dining rooms accented with crown molding, board batten, and abundant light mix the perfect modern and traditional elements. Upstairs are all five bedrooms with a spacious primary suite and renovated bathrooms. On the lower level the recreation room, game room, and exercise room provide ample space for entertaining both family and guests. The home is sited on a 0.22 acre lot that adjoins nearly 3 acres of HOA owned land. Enjoy close proximity to Mosaic District, Dunn Loring Metro, Eakin Park, and 495/66/50.
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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