8004 MALCOLM ROAD
About This Property
Spacious brick-front split foyer situated on an almost half-acre lot in a convenient Clinton location! Offering nearly 2,400 finished square feet across two levels, this home provides flexible living space, generously sized rooms, and a fantastic opportunity to add your own finishing touches over time.
The freshly painted upper level features hardwood flooring throughout the main living areas, an updated kitchen with granite countertops, stainless steel appliances, and updated cabinetry, along with refreshed bathrooms featuring updated vanities, lighting, and LVT flooring. Major system updates including newer windows, roof, HVAC, and water heater provide added peace of mind on many of the home's big-ticket items.
The lower level offers exceptional additional living space with a large rec room featuring walkout access to the flat backyard, plus three additional rooms, including one with a cozy fireplace, along with a laundry room and bonus space ideal for hobbies, guests, office use, or storage. While some cosmetic updates remain, the home's solid structure, brick front exterior, and major improvements already completed create an excellent opportunity to personalize and build equity.
Conveniently located near shopping, commuter routes, Joint Base Andrews, Washington D.C., and Northern Virginia.
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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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About Clinton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017