5501 JOPLIN STREET
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2024 | Sold | ||
| Sold | |||
| Jul 15, 2024 | In contract | - | |
| In contract | |||
| Jul 11, 2024 | Listed by McEnearney Associates, LLC | $679,000 | |
| Listed by McEnearney Associates, LLC | |||
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Offer deadline: Jul 14/8pm. OPEN HOUSES JUL 13th and 14th, 1-3PM. Floor plan in documents and in pictures. Welcome to this beautiful 4BR/2BA/carport/fenced yard/2 level rambler on almost a third of an acre corner lot, in North Springfield, with no HOA fees and multiple updates. The lot is attractively landscaped and features a hot tub, patio, composite decking and retractable awning (2020) for your entertaining needs, plus a large storage shed with electricity/room for projects. The roof was installed in 2018, gutter protectors in 2020, and exterior painted in 2019. Inside, the large kitchen with plentiful cabinetry, pull out shelving and island provide abundant storage, and the renovated baths sparkle. Under cabinet lighting, additional outlets, custom backsplash, LVP flooring and a brick accent wall augment other updates including the microwave (2018), refrigerator (2019) and hot water heater (2020). Custom closets and large laundry (huge!) and storage rooms, allow an organized, clutter free home, and the newer hot water heater (2020) will provide years of service. The hardwood flooring extends under the carpet in the main level bedrooms. Two wood burning fireplaces (with rack next to shed to keep wood dry) with a re-lined chimney, gas furnace, and improved/new insulation (2018) in attic and crawl space keep this home cozy. The carport, driveway and free street parking accommodate multiple vehicles. Excellent location for schools: North Springfield Elementary (9 min walk); Holmes Middle School (3.4 mi); Annandale High School (2.4mi). Other landmarks include Lake Accotink Park (5 min bike ride); and a community pool a short walk away; 1.5 miles to I-495; Amazon's National Landing (11mi); Reagan National airport (12mi); Inova Medical Campus (5 mi); Pentagon (10 mi); Ft Belvoir (14 mi); Defense Health Headquarters (6 mi).
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| Apr 24, 2015 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017