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9404 ROBERT E LEE DRIVE
About This Property
The primary ensuite is your private retreat, complete with a deep soaking tub, separate shower, double sinks, granite finishes as well as two large walk-in closets. The additional bathrooms are equally well-appointed with ceramic accents and lots of windows for natural light. Brand new carpet throughout. Step outside to enjoy the fenced backyard featuring a garden, storage shed, and deck – perfect for outdoor gatherings. The front yard adds curb appeal, while the expansive back yard gives plenty of room to grow and customize - 5 acres of flat, usable land. The unfinished basement offers incredible potential for future additional living space, with insulation, framed walls, and a bathroom rough-in already in place - just waiting for the finishing touches.
While this property offers a quiet, spacious setting, it is still convenient to everyday amenities. Nearby Spotsylvania Courthouse offers local favorites such as Courthouse Cafe, Itavie New York Grill & Bakery, Snack Shack, and El Patron, while additional shopping and dining can be found along Courthouse Road, Route 1, Route 3, Cosner's Corner, and Spotsylvania Towne Centre. Spotsylvania County highlights a variety of local restaurants, department stores, boutiques, and retail centers, and Cosner's Corner includes popular retailers such as Target, Kohl's, Marshalls, Ross, PetSmart, World Market, Five Below, and more. Spotsylvania Towne Centre is also home to over 150 stores, restaurants, and entertainment destinations.
Enjoy the best of both worlds - the privacy and flexibility of a 5-acre setting with convenient access to local dining, shopping, commuter routes, and everyday necessities throughout Spotsylvania and the greater Fredericksburg area.
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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