4 VIRGINIA DR
About This Property
A convenient kitchenette, along with a fully finished basement that offers another fireplace and a walk-out entry to a spacious fenced yard. The property also comes with a two-car garage and four additional driveway spaces. Perfectly situated, it provides easy access to the Ride On bus stop right outside your door, and Shady Grove Metro Station is just two miles away. MD 200 and the Rio Washingtonian Center are within a 10-mile radius, with grocery shopping, Bohrer Park, and the Community Center just minutes away. One room is currently rented until the end of November 2024. This home has previously been approved for childcare for up to 8 children and may also be suitable for assisted living for up to 10 patients. Sold "AS-IS".
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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