1821 41ST PLACE SE
About This Property
Upstairs, you'll find two spacious bedrooms plus a versatile **bonus room** ideal for a nursery, guest space, or home office. The updated bathroom with custom tile and modern finishes adds a fresh, stylish touch. The finished lower level provides even more living space, complete with a recreation room, full bathroom, and a flex room. With its private entrance, this level offers a great opportunity to use as a guest suite or even rent it out for extra income.
Outdoor living is just as enjoyable with a fully fenced backyard-perfect for gatherings, pets, or gardening. The property also offers off-street parking for 3–4 cars (in the rear), a rare find in DC. With its convenient commuter location and income-potential lower level, this home is a smart investment and a wonderful opportunity for savvy home buyers. Plentiful public street parking up front for entertaining.
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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