Gorgeous Manassas, VA Home for Sale Under $500,000: 5637 Assateague Place
Here’s another hot property for sale in Manassas VA.
This wonderful 4 bedroom 3 and one half bath single family home in the Ashland community of Manassas is bound to please. Fresh paint, new stainless steel appliances, new flooring, and refinished flooring greet you in this move-in ready beauty. This home offers a fully finished basement with walk-up exit, spacious deck, 2 car garage, and fenced in backyard. The main level offers formal living, formal dining, sunroom, cook’s kitchen with double wall oven and island, family room, and powder room. The upper level features 4 comfortable bedrooms and 2 full bathrooms. The recreation room is huge and offers a nook ideal for a wet bar and a full bathroom. Hurry, hurry, hurry! This home is getting attention! Perfect for growing families and even a great investor opportunity.
Investors, this home should lease for $2700 per month! After operating expenses, anticipate a cap rate at 5.2% before tax advantages or appreciation. If financed with 25% down payment at 4% interest, without appreciation, looking at a 17.5% return. If considering depreciation and appreciation the financed return is 29.5%!
Open House is scheduled for Sunday 2/23/20, from 1pm to 4pm.