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8441 GREAT LAKE LANE
About This Property
The bathrooms have been extensively renovated, featuring updated vanities, tile, glass shower enclosure, rain shower with body jets, lighted mirror, and modern easy-clean toilets, with additional updates in the primary bath including new flooring, vanity, and fixtures. Enjoy a bright, open layout with recessed lighting, a spacious rec room, and approximately 500–650+ sqft of unfinished storage space.
Step outside to a fully fenced backyard with a composite deck and beautiful patio-perfect for entertaining, relaxing, or pets. Ideally located just minutes from Springfield Town Center, Fort Belvoir, and the NGA, with easy access to Fairfax County Parkway and I-95. Residents enjoy Newington Forest's pools, courts, and scenic wooded trails-offering the perfect balance of convenience and community.
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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%.
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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