8702 PAPPAS WAY
About This Property
Love to entertain? You'll appreciate the expansive layout - ideal for hosting gatherings large or small - and the impressive outdoor space featuring a massive deck that backs to peaceful wooded parkland.
The main level welcomes you with a bright, open floor plan, complete with a spacious living room centered around a cozy fireplace, a formal dining room, and a convenient half bath. A spectacular 400+ sq ft addition filled with natural light and skylights elevates the living experience even further.
At the heart of the home is the show-stopping, fully renovated kitchen - a dream for any chef! Enjoy sleek stainless steel appliances, brand new cabinetry, quartz countertops, a stylish tile backsplash, and a true walk-in pantry with a frosted glass door. Whether you're enjoying your morning coffee in the sunny breakfast nook or on the back deck, the peaceful, tree-lined view is all yours.
Your upper level features 2 full bathrooms and 4 generous bedrooms The lower level is a full, walk up basemen including: an office/bonus room and large space for a workout room or a playroom! Additional storage space abounds. This is more than a home - it's a lifestyle in one of the area's most sought-after communities. Location couldn't get any better!! Truro community offers a tennis and pool club. Enjoy a handful of nearby parks including 17 acres of trails and park in Truro common area & short distance Long Branch park, Wakefield park.Zoned for Woodson school district including Wakefield Forest elementary, Frost middle, and Woodson high school. Close to Trader Joes, Target, Home Depot, Mosaic District, Turnpike Shopping center & more. Additionally, located near 495, metro bus stops, and Express Lanes for an easy commute! 7 minute drive to Dunn Loring Metro and 5 minutes to 495 Express lanes.
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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