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7513 LONG PINE DRIVE
About This Property
Main level features hardwood floors, windows replaced over time including bay window in dining room. Ample sized deck with picnic table area overlooking spacious backyard which includes many plantings and a shed. You will not be disappointed at the quality of this property!
Very active Civic Association with extensive newsletter, monthly meetings & community activities.
Location is key with nearby Metrobus stop, VRE station at Backlick Road, HOT lane access at Braddock & 495, close to 395 off Edsall Road. A fine parkland at Lake Accotink includes hiking trails, boating, Carousel, snack bar, picnic shelters and more. A great place to enjoy your outdoor living so close by!
The Bradlick Shopping Center has been renovated and includes Giant Grocery, Gold's Gym and popular restaurants. Downtown Springfield is nearby with more restaurants including Mike's American. The Springfield Town Center is also very nearby off Backlick Road or via 395. Many other shopping plazas are very nearby.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 4, 2023 | Sold | ||
| Sold | |||
| Apr 6, 2023 | In contract | - | |
| In contract | |||
| Mar 31, 2023 | Listed by RE/MAX Realty Group | $615,000 | |
| Listed by RE/MAX Realty Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017