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4045 CRAY DRIVE
About This Property
Designed for both everyday living and easy entertaining, the open-concept floor plan offers a sun-filled family room anchored by a stunning stone fireplace, seamlessly connecting to an expansive gourmet kitchen featuring an oversized island and a dedicated barista station. Formal living and dining rooms, along with a private office, provide the perfect balance of sophistication and functionality.
Upstairs, a distinctive split staircase leads to a private fifth bedroom or flexible living space with its own full bath-ideal for guests, an au pair suite, or multigenerational living. The luxurious primary suite serves as a true retreat, complete with a spacious dressing area, while three additional bedrooms are generously sized and filled with natural light. Three full bathrooms on the upper level offer exceptional convenience.
The finished lower level is an entertainer's dream, featuring an impressive bar with beverage refrigerator and dishwasher, a comfortable media/lounge area, and additional space ideal for a home gym or recreation area, along with a fourth full bathroom. Ample storage throughout ensures there is room for everything-from seasonal decor to long-term organization.
Enjoy the tranquility and privacy of backing to open land and wooded views, offering a rare combination of peaceful surroundings and refined living. This meticulously cared-for home is truly a standout. Enjoy peace of mind with major updates including a new roof (2018), HVAC systems (2021 & 2024), water heater (2021), rear sliding door (2021), and washer/dryer (2024) Attic Fan (2024). Nestled in a quiet, welcoming neighborhood in Warrenton, this home offers the perfect blend of peaceful living and everyday convenience. Enjoy tree-lined streets, a strong sense of community all while being just minutes from Warrenton's historic downtown filled with local shops, restaurants, farmers markets, and year-round events. With easy access to commuter routes, nearby wineries, and the beauty of Virginia's countryside, living in Warrenton truly offers the best of both relaxation and accessibility.
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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