Residential Income Property with
For Sale
$374,900
19385 CYPRESS RIDGE TERRACE Unit 604, Leesburg, VA 20176
The two-bedroom residence includes a den and an assigned garage parking space.
Property Size1,038 SF
Price / SF$361.18
Days on Market20
Property Features for 19385 CYPRESS RIDGE TERRACE Unit 604
General Information
Standard status
Active
Size
1,038 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA + den
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,563
Amenities
clubhouse
indoor swimming pool
spa
fitness center
on-site restaurant
bar
theater
library
art studio
woodworking shop
billiards room
tennis courts
pickleball courts
walking paths
gardens
24-hour gated security
shuttle transportation
Building Details
Building Size
1,038 SF
Year Built
1998
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Oct 9
Changed: Oct 26
Last Checked: Oct 26 at 1:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
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Investment Insights
Based on property information with market context.
Built in 1998, this two-bedroom, two-bathroom residence includes a den and an assigned garage parking space. It offers a view of the Potomac River.
Community amenities include an indoor pool and spa, fitness center, restaurant and bar, theater, library, art studio, woodworking shop, billiards room, tennis and pickleball courts, walking paths, and gardens. Residents also have access to 24-hour gated security, shuttle transportation, on-site management, and community activities.
Shopping, restaurants, healthcare facilities, golf courses, and the Potomac River are among the nearby destinations.
Community amenities include an indoor pool and spa, fitness center, restaurant and bar, theater, library, art studio, woodworking shop, billiards room, tennis and pickleball courts, walking paths, and gardens. Residents also have access to 24-hour gated security, shuttle transportation, on-site management, and community activities.
Shopping, restaurants, healthcare facilities, golf courses, and the Potomac River are among the nearby destinations.
Key Highlights
- Two bedrooms, two bathrooms, and a den
- Assigned garage parking space
- Potomac River view
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,189
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,780
$323.8K
Cap Rate 7%
$231,271
$231.3K
Cap Rate 9%
$179,878
$179.9K
Market Conditions
NOI Build-Up for 1,038 SF
Gross rent
$31.5K $30.36/SF
− Vacancy
−$2.1K −$2.00/SF
EGI
$29.4K $28.36/SF
− OpEx
−$13.2K −$12.76/SF
NOI
$16.2K $15.60/SF
Area
Loudoun County, VA
Vacancy
6.60%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,780
Cap Rate 7%
$231,271
Cap Rate 9%
$179,878
Alternative Uses
Best Use
Apartment 5plus
$231.3K
$202.4K – $269.8K
NOI $16,189 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$325.3K
$284.6K – $379.5K
NOI $22,771 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,517
Businesses Nearby
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Business Placement
Demographics for 20176, VA
51,777
Population
17,044
Households
3
Avg Household Size
38
Median Age
59%
College-Educated
94%
High-School Grad
54.9 sq mi
ZIP Area
943
Density / Sq Mi
$166,870
Median Household Income
$67,473
Median Earnings
$2,089
Median Rent
$702,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom residence includes a den and an assigned garage parking space.
Where is this residential income property located?
The property is located at 19385 CYPRESS RIDGE TERRACE Unit 604 Leesburg, VA.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Two bedrooms, two bathrooms, and a den; Assigned garage parking space; Potomac River view
