8406 HOLLY LEAF DRIVE
About This Property
Set on a quiet, tree-lined street in the sought-after McLean Estates community, this .72-acre private, rectangular lot offers a rare opportunity to build your custom dream home. The existing home is being sold as-is for land value. The lot features mature trees at the rear and excellent frontage, ideal for new construction in a neighborhood of luxury homes.
Enjoy access and unbeatable convenience to the Dulles Tech Corridor, Tysons, and DC via the Toll Road. Minutes from Dulles and Reagan airports, and close to Scott's Run, Great Falls, and Riverbend Parks, with trails along the Potomac. Just blocks to Spring Hill Rec Center and Hamlet Swim & Tennis Club.
Highlights:
31,424 sq ft lot (approx. .72 acres)
Mature trees & private setting
Prestigious neighborhood with strong property values
Connected to gas/public sewer/public water
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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