1242 FARADAY PL NE
About This Property
NEWLY RENOVATED! 3BR/3.5BA with Basement Bonus Room & separate exterior entrance. Lots of natural light pours into this home. New open concept LR/DR/kitchen with curved island. The Primary bedroom has its own bathroom. The lower level is finished with new flooring, recessed lighting, a full bath & a Bonus Room that can easily be used as a 4th Bedroom.
The possibilities for the lower level are endless... Airbnb, rental, guests, aging parents, au pair quarters or running your small business from home. It has its own entrance with easy access to two off street parking spots.
A few minutes from up and coming The Art Place at Fort Totten, a new destination for shopping, dining complete with a performance venue & Children's museum. Lots of new construction ongoing nearby. Walking distance to Fort Totten's red and green lines. Just a short drive to Silver Spring, Hyattsville, downtown D.C. & 495.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 27, 2023 | Sold | ||
| Sold | |||
| Oct 10, 2023 | In contract | - | |
| In contract | |||
| Sep 27, 2023 | Price Decreased |
$549,900
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Sep 17, 2023 | Price Decreased |
$574,900
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Aug 20, 2023 | Price Decreased |
$584,999
↓ $10K
(1.7%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Status
Price/ft²
Listed On
Sold On
About Northeast Washington
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Smart Realty, LLC
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# DCDC2096676
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Address: 335 Madison Avenue, New York, NY 10017