5503 ATLEE PL
About This Property
Inside, you'll find beautiful finished oak hardwood floors, custom crown moldings, and elegant ceiling medallions. The home is equipped with energy-efficient replacement windows, two wood-burning fireplaces, and specialty lighting throughout.
Step outside to the spacious rear deck, overlooking a serene tree-lined backdrop-a perfect tranquil escape. The expansive lower level offers a bright recreational room with natural light, a kitchenette, ample closet space, a full bath, and a cozy wood-burning stove insert.
As a bonus, there's a separate in-law apartment featuring a full bath, kitchen/dining area, and a private rear entrance.
For those who love to work on projects, the property offers a double-wide driveway and an extra-high ceiling carport. Additionally, there's 200 square feet of storage rooms connected to the carport area, along with a detached 10'x10' Amish-built shed with double doors located behind the carport.
Conveniently located, the bus stop is only 2 blocks away at the corner of Leesville and Easton, and the closest Metro station, Springfield Franconia on the Blue line; providing an easy commute to the Pentagon.
This meticulously maintained home includes a new architectural tile roof, upgraded electric panel, new AC, new water heater, and two newly renovated bathrooms upstairs. Don't miss out on this exceptional opportunity to live in style and comfort with easy access to transportation!
Payment Calculator
Your Estimated Monthly Payment
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017