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5902 ERVING STREET
About This Property
The main level is anchored by a beautifully renovated kitchen featuring 42-inch white cabinetry, granite countertops, stainless steel appliances, recessed lighting, and an oversized center island that creates a natural gathering place for casual meals and entertaining. Hardwood floors carry through the main living areas, while an expansive sunroom brings in abundant natural light and extends the living space toward the backyard.
Step outside to a level, fully fenced yard with established landscaping and an expansive paver patio centered around a built-in clean-burning firepit. Whether hosting friends, dining outdoors, or simply unwinding at the end of the day, the indoor-outdoor connection gives the home a sense of space rarely found at this price point.
Both full bathrooms have been thoughtfully renovated with timeless finishes. Downstairs, the finished lower level adds another dimension to the home with a spacious recreation room, wet bar, built-in wine refrigerator, granite countertop, and luxury vinyl plank flooring. Two additional finished rooms with windows and closets provide valuable flexibility for home offices, guest space, a gym, creative studio, or whatever fits your lifestyle. A large laundry and storage area offers even more practical space.
Beyond the home, the location makes everyday life remarkably convenient. Lake Accotink Park offers miles of trails, waterfront recreation and seasonal activities, while Springfield Plaza puts Whole Foods, Trader Joe's and everyday shopping close at hand. Local favorites including Mike's "American" and Best Buns add to the neighborhood dining scene, with Springfield Town Center offering additional shopping, restaurants and entertainment nearby. Quick access to I-95, I-395 and I-495, along with Metro, VRE and bus options in the greater Springfield area, keeps Northern Virginia, Alexandria and Washington within easy reach.
Updated, spacious and exceptionally well connected, 5902 Erving Street offers the flexibility of substantially more living space without sacrificing the convenience buyers value most.
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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