7019 GROVE RD
About This Property
The beautifully eat in kitchen was completely renovated in 2022, offering ample space for entertaining and daily dining. It is a true highlight! It blends traditional aesthetics with modern amenities, making it the heart of the home. The main level boasts two generously sized bedrooms, while upstairs, a sun-filled bedroom with skylights provides a cozy and bright retreat. This bedroom includes a large custom closet installed in 2021.
The home sits on just over one-third of an acre, surrounded by mature trees and abundant wildlife, creating a serene oasis. Enjoy spectacular sunset views over the valley from the front porch and the convenience of a fully fenced very large back yard with a large shed. Electricity was added to the shed in 2023. It's perfect for unwinding or hosting outdoor gatherings. Smart upgrades include Nest learning thermometer, doorbell, and front door lock. 2021. Oven and refrigerator are also connected devices (2022). New light fixtures in nearly every room. 2021-202 along with a new washer/dryer purchased in 2020. This home is filled with upgrades!
Despite the tranquil setting, this property is conveniently located just two miles from the Huntington Metro, making commuting to Washington, DC, a breeze. Additionally, Old Town Alexandria's vibrant shops and restaurants are only minutes away, providing easy access to amenities.
With newer Jeld-Wen windows and a renovated bathroom, this home perfectly balances vintage character with thoughtful updates. Discover life on Grove Rd, where peaceful living meets proximity to all the conveniences you need. This charming Cape Cod is truly a hidden gem!
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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 Groveton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017