8815 BURBANK ROAD
About This Property
This home is much large than it appears with over 2500 square feet and a 2 car garage. It features a full finished basement with 4th bedroom, 3rd full bath, family room and an enormous recreation room. The dramatic floorplan offers vaulted ceilings in the foyer, living room, dining room and kitchen/family room combo. The stained wood ceilings give this home so much character. The bright kitchen has Corian counters, double ovens, built-in microwave, under cabinet lighting and a tile backsplash. The lovely stone fireplace is gas. The entire house to include the garage has been freshly painted 2023. The main level and the lower level have new luxury vinyl plank flooring 2023. New roof 2019.
The oversized 1/3 acre lot offers mature landscaping and trees for privacy. The expansive 2 level wrap around deck was recently power washed and stained. The deck has built-in benches. The double garage door was replaced in 2018 and the driveway was replaced in 2015.
Truro is convenient to major commuter routes, I495, George Mason University, NOVA Community College, many shopping centers, parks and recreation facilities.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 28, 2023 | Sold | ||
| Sold | |||
| Nov 26, 2023 | In contract | - | |
| In contract | |||
| Nov 17, 2023 | Listed by Weichert, REALTORS | $799,950 | |
| Listed by Weichert, REALTORS | |||
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About Annandale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017