8500 FOREST ST
About This Property
Continuing through the main level, you'll find the Dining Room, which conveniently opens to the deck, and the gourmet kitchen. The Kitchen features an island with a GE Profile 5-burner natural gas cooktop and downdraft exhaust vent, granite countertops, a Samsung French door refrigerator with ice and water dispenser in the outside door, a GE Double Oven, built-in GE Microwave, and a Maytag stainless steel dishwasher. An adjacent Breakfast Room with hardwood floors leads to a grand two-story Family Room with new carpeting, a gas fireplace, French Doors to the rear yard, and a rear staircase to the second level. Completing the main level is a private half bath and an expansive attached two-car garage.
Moving on to the second level, you'll find generously proportioned hardwood-floored landing and hallways and 9 foot ceiling height, a laundry area with a Whirlpool Dryer and Samsung Washer, and three secondary bedrooms. Two of these bedrooms share a "Jack and Jill" bathroom with a double vanity and a tub/shower combo, while the guest bedroom enjoys an en-suite full bath with a tub/shower. The spacious Primary Suite features a sitting area, ceiling fan, a large walk-in closet with a window, and a spa-like bathroom with a Kohler oversized whirlpool tub, separate shower with a seat, double vanities, and a private water closet. All the bedrooms have outfitted with fresh new carpeting.
The lower level is fully finished and includes two full baths, one with a shower stall with a seat in it, and the other with a tub/shower combo. It also features a large Recreation Room with a rough-in for a wet bar and another secondary Recreation Room that could serve as an excellent Media/Theater Room. Additionally, there are two more unofficial bedrooms, both connected to full baths, and one room that would be ideal as an Exercise Room with durable laminate flooring. The remainder of the lower level showcases newly installed carpeting, and there's a private walk-up entrance from the Recreation Room to the exterior.
This home is situated in the sought-after Woodson High School district and offers easy access to Wakefield Elementary School (walkable). It's also conveniently located near I-495 and I-95, adjacent to NOVA Community College, and provides quick access to local parks for leisurely strolls or jogging alongside the serene Accotink Creek.
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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