5837 BISCAYNE DR
About This Property
Inside, find gleaming hardwood floors and abundant natural light throughout. Floor-to-ceiling windows seamlessly connect indoors to the private patio and picturesque garden. The Chef's kitchen boasts wood cabinets, granite countertops, and stainless steel appliances and eat-in breakfast area. The main level also includes a full bath, laundry room, and a sitting area. Upstairs, the owner's suite features hardwood floors, ample closet space, and an en-suite bath. Custom architectural details are showcased with oversized windows, curved accent windows, and a second-level balcony. Two additional bedrooms, a second full bath, and a separate entrance complete the upper level. The double lot yard is a true gem with mature landscaping, paved walking paths, and a fenced-in area for privacy. Entertain with ease using the custom built-in brick grill. The driveway offers plenty of private parking for up to 10 cars. Conveniently located, this home is close to the Huntington metro (yellow line) and Mt. Eagle Park. Enjoy the dining, shopping, and nightlife of Old Town Alexandria, all less than a 10 minute drive away.
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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 Huntington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017