3388 REEDY DRIVE
About This Property
The heart of the home is the beautifully renovated gourmet kitchen with a breakfast nook, seamlessly opening to the inviting family room, where a gas fireplace creates a warm and welcoming atmosphere. Spacious formal living and dining rooms are enhanced by beautiful architectural moldings, while rich wood flooring extends throughout the main and upper levels. A private main-level office provides an ideal space for today's work-from-home lifestyle, and the conveniently located laundry room adds everyday functionality.
Upstairs, the expansive primary suite offers a peaceful retreat, complete with a separate sitting room, two generous closets, and an ensuite bath featuring dual sinks, a separate shower and soaking tub. Three additional spacious bedrooms and an updated hall bath complete the upper level.
The partially finished lower level provides exceptional versatility, featuring a recreation room, full bath, dedicated craft or wrapping room, and abundant storage space-offering endless possibilities to customize the space to suit your lifestyle.
Outdoor living is equally inviting, with a large deck overlooking the fully fenced backyard and the picturesque parkland beyond-creating a private and tranquil setting for relaxing, entertaining, and enjoying nature.
A two-car garage adds convenience, while numerous significant updates provide peace of mind, including the roof (2025), siding (2025), windows, fresh paint (2026), gourmet kitchen (2023), washer/dryer (2025) HVAC system (2011), and water heater (2026).
With its desirable cul-de-sac location, extensive improvements, elegant finishes, and proximity to the Beltway/Gallows Rd Ramp and major commuter routes this exceptional home offers a rare opportunity to enjoy refined living in a truly special setting.
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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