3005 BUNKER HILL RD
About This Property
Mount Rainier was Sustainable Maryland Certified in 2012 (one of only 4 towns then), after passing a "Going Green" ordinance, and has renewed its certification several times since. It offers small-town appeal in an urban setting that is a short ride away from Capitol Hill. Local Citizens are proud of the revitalization taking place, the tree-lined streets, and active civic engagement. It's also a Historic District, allowing for State Tax Credits for approved repairs/upgrades to buildings. You are a short stroll from the locally famous Glut food cooperative (since 1969) and Joe's Movement Emporium (dance, yoga, children's pre, and post-school programs), and the Arts District that stretches along the Route 1 corridor. Artists working from home in the City don't need a special license to work on and sell art from their home studios. Walk to Pennyroyal Station with New American Cuisine and Dodah's Kitchen Vegan restaurant. You are a short drive from Pizza Paradiso, Franklin's Brew Pub, and Busboys and Poets. At nearby Fort Lincoln, there's shopping anchored by Costco. It's just over a mile from West Hyattsville Metro (Green Line) and Brookland CUA (Red Line) and with bus service nearby on Route 1 connecting several major bus routes including Rhode Island Ave. Metro. For bikers and nature lovers, there is easy access to the National Arboretum and miles of bike/hiking trails along the Anacostia River connecting to Washington DC. Route 50 provides quick access to the BW Parkway and I-495.
This is certainly that hard to find Jewell in a super setting - it's not to be missed!
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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%.
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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.
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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.
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About Mount Rainier
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$4,500 /mo
- 4 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017