8460 RAINBOW BRIDGE LN
About This Property
Incredible opportunity to live in the Newington Forest Community surrounded by parkland, forests, and greenery! Four Bedroom Two- & one-Half Bath Three Level Colonial with One Car Garage. This home has Three completely finished levels including the lower-level basement. New fresh paint. Hardwood Flooring throughout. Combination Living Room/Dining Room. Family Room across from Kitchen. Walk out Family Room to Covered Screened-in Porch and into adjoining Deck perfect for relaxing and entertaining. Connecting stairs to large treed fully fenced back yard. Upper level has Primary Bedroom with ensuite Primary Bath, three more large bedrooms and Hall Bath. Lower level has Finished Recreation Room, Fitness Area and walk in Laundry Room with Washer and Dryer. Everything about this home welcomes you from the minute you walk down the masonry walkway and masonry porch and enter. Newington Forest is a peaceful family friendly neighborhood with so much to offer. Well lighted tree-lined streets, pristine jogging trails, sports fields and more. Convenient to the Springfield Metro Station, Fairfax County Parkway, I-95 and -I395 for easy commuting.
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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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About Newington Forest
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017