9057 NORTHEDGE DRIVE
About This Property
What do people love about living in this neighborhood? The community has several feeder paths directly to Lake Mercer for a fun day of outdoor activities. Burke Lake is nearby and offers everything from fishing, canoeing, frisbee golf, driving range, outdoor event gazebos and a 4.5 mile trail to suit your outdoor lifestyle.
You'll feel right at home at the community pot-lucks, movie nights, Turkey Trots, and holiday events. Your commuting options to the Pentagon (Fairfax Connector pickup locations on Gambrill (395 Bus) and Backlick (396 Bus), NGA, Fort Belvoir, or Joint Base Andrews are plentiful and flexible, the Blue Line Metro is 8 minutes away, and you're less than 10 minutes away from locations like Costco, Wegmans, The Springfield Mall, and a variety of gyms.
Dates of major items: Roof (unknown), Hot Water Heater (2023), HVAC (2009).
The property does have a VA Assumable Loan with Freedom Mortgage at 2.99%. Sellers would require purchasers to have remaining VA entitlement in order to assume. Ask your agent for more details!
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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 |
|---|---|---|---|
| Jul 30, 2025 | Sold | ||
| Sold | |||
| May 12, 2025 | Listed by Century 21 Redwood Realty | $920,000 | |
| Listed by Century 21 Redwood Realty | |||
| Jan 22, 2021 | Listed by Non Subscribing Office | $695,000 | |
| Listed by Non Subscribing Office | |||
| | |||
| Jun 2, 2020 | Sold | ||
| Sold | |||
| May 16, 2018 | Sold | ||
| Sold | |||
Property Highlights
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About South Run
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017