7413 ALBEMARLE DRIVE
About This Property
The finished walk out lower level includes a spacious family room, den/flex space, half bath, workshop, and direct access to the backyard. Additional improvements include vinyl-clad windows, updated electrical panel, attic insulation, and a water treatment system.
Set on a fenced lot that is just under a quarter acre, the property also features a storage garage and shed, providing both indoor and outdoor living spaces perfect for entertaining or relaxing. With no HOA and convenient access to shopping, dining, commuter routes, and the VRE, this home offers a lifestyle of ease and convenience in the heart of Manassas.
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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