NEW ROOF INSTALLED AUGUST 2026! Set along Historic Route 11 between
Middletown and Stephens City, this single-level 4-bedroom,
3-bathroom home sits on a 0.43-acre lot and has received steady
updates over the past four years. Inside, two bedrooms plus the
living and dining rooms feature updated flooring, and one bathroom
has been fully remodeled. New carpet was recently added in the
mudroom and the primary suite's step-in closet, bringing recent
updates to three of the four bedrooms and two of the three full
bathrooms. Major system upgrades add long-term value: a new roof
installed by Cenvar, a newer refrigerator and dishwasher in the
kitchen, and a newer washing machine in the laundry area, all
completed within the last two to four years. The detached garage
includes a 240V outlet, a practical feature for RV, fifth-wheel, or
EV charging needs. The backyard offers a semi-secluded layout
suited for gardening, relaxing, or entertaining. Location adds
everyday convenience along Route 11, with easy access for commuting
between Middletown and Stephens City. The area is also known for
the annual Route 11 Yard Crawl each August, a regional shopping
tradition that draws visitors along this corridor. Ongoing growth
nearby, including new retail development a few minutes away,
continues to add convenience to the area.
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.
Interior Features: Pantry, Walk-In Closet(s), Ceiling Fan(s), Carpet, Family Room Off Kitchen, Kitchen - Efficiency, Primary Bath(s), Air Filter System, Entry Level Bedroom, Attic
Appliances: Dishwasher, Dryer, Exhaust Fan, Microwave, Refrigerator, Water Heater, Electric Oven, Cooktop, Freezer, Oven, Washer, ENERGY STAR Clothes Washer, Stove
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