8008 LIONS CREST WAY
About This Property
lovingly maintained by the original (and only!) owners, this home has been gently lived in, smoke-free, and pet-free. Step inside and you'll find a pristine, truly move-in-ready interior that's freshly painted on ALL three levels and featuring newly refinished hardwood floors.
The grand two-story foyer sets a welcoming tone, and tucked privately in the back of the home is a bright main-level office-perfect for remote work, with peaceful views of the yard. The chef will appreciate the gourmet kitchen with a gas cooktop island, double wall ovens, granite countertop and space to gather around the kitchen table. The kitchen opens to the spacious family room where a cozy fireplace anchors the space, and flows into the living and dining rooms, perfect for entertaining. Off the kitchen, step into your very own outdoor retreat-a stunning screened-in porch with vaulted ceilings (dine without the pesky bugs), and backs to trees for privacy. Head down to the flagstone patio with a gas fire pit table, and you've got the ultimate setup for memorable evenings under the stars. Plus, a dedicated grilling deck makes outdoor cooking easy. Upstairs, the primary suite is a true sanctuary, complete with a beautifully updated ensuite bath and sitting room, or perfect as a second home office. Three additional bedrooms and an updated hall bath offer space for everyone. The finished lower level includes a large rec room, half bath, and a massive storage/hobby room ready for your creativity (or Costco hauls!). Additional highlights include a new roof (2019), dual-zone HVAC with an upstairs heat pump less than a year old, a main level gas furnace and AC unit replaced just five years ago, and the hot water heater was replaced on 12/11/2023. The attached two-car garage comes equipped with an EV charger for your electric vehicle. All of this just seven miles from Shady Grove Metro, and minutes from shopping, dining, and major commuter routes. Nestled on Lions Crest, this home stands tall with timeless style, thoughtful updates, and plenty of room to roar!
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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