3906 CHERRYWOOD LANE
About This Property
Three spacious levels of bright, daylight living areas. Handsome hardwood floors on main and upper level. Living room has a cozy gas fireplace for those winter evenings and weekends. Dining room opens to patio and yard. Remodeled kitchen has quartz counters, stainless appliances including Sub-Zero refrigerator and Dacor gas range. Wood-Mode cherry cabinets are fitted with convenient pullout shelving. Three bedrooms and two baths on upper level, big family room with fireplace, den, bath and laundry on lower level. Upgrades include energy efficient replacement windows, K-Guard gutters, paver patio and walkway. Indoor dry storage in huge, floored, lighted crawl space. Storage for all your bikes, yard gear and much more in large storage shed, separate shed to keep trash cans out of sight, and built-in storage closet in carport.
Close to convenient commuting routes to DC, Falls Church, Alexandria -- and less than a mile to Mason District Park, with farmer's market, playing fields of all kinds, playground, tennis courts, picnic shelters, nature and hiking trails, off-leash fenced dog park and amphitheater with summer concerts, children's entertainment and more.
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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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About Annandale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017