405 MADISON FOREST DRIVE
About This Property
A deep front coat closet greets you at the entry, and luxury vinyl plank flooring (2024) runs throughout the main level. At the heart of the home, the kitchen was fully renovated in fall 2024 with a thoughtfully reimagined layout, all new cabinetry, electric double ovens, stove, refrigerator, and microwave. The adjoining family room centers on a working gas fireplace surrounded by custom built-ins, and a powder room updated in 2024 finishes off the main level.
Upstairs, the primary suite features a skylight that brings in great natural light, a walk-in closet, and an en-suite bath with a new shower pan (spring 2026). Three additional bedrooms and a full hall bathroom complete the upper level.
The finished lower level offers even more room to spread out, with a large open recreation area that can easily accommodate a home gym, media space, or office setup, plus plenty of storage.
Outside, the fully fenced backyard offers space for relaxing and entertaining, with a gas line in place for a grill. A storage shed on the side of the house, a two-car attached garage, and a driveway extended to fit three cars provide plenty of room for parking and gear.
Additional updates include an electrical sub panel and a washer and dryer (2024), siding (2021), water heater (2020), replacement windows (2016-2017), and HVAC (2015). Town of Herndon trash and recycling pickup is included with the quarterly water and sewer bill.
Madison Forest is known for its neighborly spirit, with driveway happy hours, cookouts, and holiday gatherings throughout the year. Just minutes away, downtown Historic Herndon offers restaurants, shops, and the Friday Night Live summer concert series on the Herndon Town Green, while the W&OD Trail and Green Lizard Cycling are close by for walking, biking, and coffee. The Herndon Metro Station (Silver Line), Route 28, and the Dulles Toll Road are also close by for easy commuting. Welcome home!
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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