6885 MELROSE DRIVE
About This Property
The updated kitchen provides a warm, inviting space where character meets convenience. Thoughtfully designed for everyday living, it includes a cozy eat-in area-perfect for casual family meals. It's a true gathering spot and the heart of the home.
A loft-style office overlooking the family room provides a bright, open workspace-perfect for staying connected to the heart of the home. A separate den with access to the backyard adds even more flexibility, perfect for a home office, playroom, or cozy retreat. Completing the home's generous living spaces is a spacious recreation room, providing endless possibilities for work, play, or relaxation.
Set on a uniquely large and deep lot for the neighborhood, the fully fenced backyard offers exceptional privacy, space, and potential for outdoor enjoyment. Located just a short walk from downtown McLean, top-rated schools, and public park-and with unbeatable access to all major commuter routes-this home is a rare find in an exceptional location.
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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%.
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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017