8919 ARLEY DR
About This Property
As you come inside, you enter a home with all hard wood floors on both the main and upper level. On the upper level are 4 large bedrooms and two gorgeous bathrooms that look like they stepped out of a magazine. The laundry room has been moved to the upper level.
The main level features a large formal living room and dining room, as well as the kitchen, which is open to the family room. The family room has been enlarged by 3 feet with a mason fireplace and walks out to an extended patio and a huge 43-foot deck along the rear of the property. The home also has a two-car attached garage. The kitchen, with white custom cabinets and a dark center island with all stainless-steel appliances and stone countertops, is huge and walks out onto the rear yard. The lower level has a bedroom / den with full bath. There is nowhere else in Nothern Virginia that you can get a new home at a slight premium to the 50-year-old resale homes of this classy neighborhood.
A true real value!
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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 |
|---|---|---|---|
| Nov 6, 2023 | Sold | ||
| Sold | |||
| Oct 10, 2023 | In contract | - | |
| In contract | |||
| Aug 10, 2023 | Price Increased |
$995,000
↑ $25K
(2.6%) | |
| Price Increased | |||
| Jun 30, 2023 | Listed by Casey Margenau Fine Homes and Estates LLC | $969,900 | |
| Listed by Casey Margenau Fine Homes and Estates LLC | |||
| Mar 26, 2023 | Price Change | $1,000,000 | |
| Price Change | |||
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About Burke
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017