46865 BACKWATER DRIVE
About This Property
Lovely, private view of trees from expansive deck.
A few of the many upgrades: Roof 2020, with one time warranty transferable to the new owner, Gutters 2022, Carpet in Living Room and lower level 2025, Primary Bedroom Closet 2014, Washer and Dryer 2016, Garage Doors and motors 2015.
Walking distance to middle school and high school. 16 minute drive to IAD, 38 to DCA. (Est) Many nearby walking paths, shopping, restaurants.
HOA $82 per month.
Unbeatable location with easy access to many major routes of transportation including the Silver Line Metro, Dulles Toll Road, Fairfax County Parkway and Rt 7. Minutes to Reston Town Center, Loudoun One, Dulles Town Center.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2025 | Sold | ||
| Sold | |||
| May 28, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Price Decreased |
$935,000
↓ $4K
(0.4%) | |
| Price Decreased | |||
| Apr 29, 2025 | Price Decreased |
$939,000
↓ $16K
(1.7%) | |
| Price Decreased | |||
| Mar 30, 2025 | In contract | - | |
| In contract | |||
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About Richland Forest
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017