40452 HICKORY RIDGE PLACE
About This Property
The main level showcases refinished hardwood flooring throughout the formal living and dining rooms, complemented by abundant natural light and classic architectural details. The kitchen is centered around a spacious island with ample prep space and opens seamlessly to the breakfast area, where a wall of windows allows abundant natural light and overlooks the backyard and adjacent family room. The large family room with an elegant tray ceiling and new carpet features a wood-burning fireplace and offers a comfortable gathering space. A private office is also located on this level, offering work from home convenience with countryside views.
Upstairs, the primary suite includes a spacious bedroom with sitting area, walk-in closet, and a private bath with dual vanities, soaking tub, and separate shower. Three additional bedrooms complete the upper level - one with an en-suite bath and two connected by a shared bathroom. An additional bonus room provides a versatile space for a playroom, gym, or additional upstairs lounge.
The unfinished walk-out lower level offers abundant storage and endless possibilities for customization. With large windows, a second wood-burning fireplace, and direct backyard access, the space is well-suited for future living, recreation, or guest accommodations.
Lenah Run spans acres of open space and offers residents walking trails, landscaped common areas, a playground, basketball court, swimming pool, and additional community amenities. This home presents a rare opportunity to enjoy a well-maintained, classically styled property with room to personalize-all within a desirable Loudoun County 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%.
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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 Lenah Run
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017