723 FOREST RIDGE DRIVE
About This Property
Step inside to find hardwood floors throughout the main level and a timeless formal living room with a centerpiece fireplace, along with a light filled dining room ideal for hosting. The newly renovated open-concept kitchen is the heart of the home, showcasing a large center island, stainless steel appliances, a wine fridge, updated lighting, a farmhouse sink, and ample cabinetry. Just off the garage, the remodeled main-level laundry room adds both style and functionality.
Upstairs, you'll find four generously sized bedrooms, including a spacious primary suite with a walk-in closet and an en-suite bath. The finished lower level includes a cozy fireplace and a large rec room–perfect for movie nights, entertaining, or guest accommodations.
Enjoy outdoor living in the beautifully landscaped backyard with a screened-in deck and patio–ideal for dining al fresco or unwinding in a peaceful setting. A 2-car garage and extra driveway space offer ample parking and storage.
Located in the desirable Langley High School pyramid and minutes to Tysons Corner, I-495 and the GW Parkway, this is true lifestyle property in the heart of Great Falls. Enjoy, and welcome home!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017