3100 HILLSIDE
About This Property
The main level welcomes you with a bright foyer that provides interior access to the two-car garage and opens into a spacious living room featuring an electric fireplace and walls of windows. Just beyond, the dining room and powder room connect to the large, updated kitchen-complete with gas cooking, new cabinetry, quartz countertops, a peninsula, island, and closet pantry. A versatile bonus room addition off the kitchen, makes an ideal main-level bedroom, home office, playroom, den, or studio.
Upstairs, you'll find three well-sized bedrooms, including an oversized primary suite with a walk-in closet and en-suite bathroom boasting a custom glass-enclosed shower, soaking tub, and dual vanities.
The fully finished lower level offers even more flexibility, with two additional bedrooms, a third full bath, family room/in-law suite, kitchenette, laundry, and mechanical room. A private walk-out entrance adds convenience and rental potential.
Out back, the yard extends to the neighbor's fence line and includes a recently rebuilt deck large enough for lounging, dining, and grilling.
Tucked away on quiet, private, Hillside Avenue, the home is less than a mile from the Cheverly Metro (Orange Line) and an easy walk to Town Park, the community center, and the local farmers market. Cheverly is a welcoming, established neighborhood with quick access to the Baltimore-Washington Parkway, 295, Route 50, New York Avenue, and the Beltway-minutes to downtown DC, Capitol Hill, National Harbor, the Hyattsville Arts District, University of Maryland, and Bowie. It is close to the the retail of Dakota Crossing (Lowes, Costco, Starbucks), Woodmore Town Center (Wegmans and more), Landover Road (Aldi, Walgreens) and Annapolis Road/450 (Capital Plaza with Walmart and several fast-casual restaurants).
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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