3909 BYRD RD
About This Property
Spread across an expansive 2,142 square feet, this home provides plenty of room for creativity and customization. The layout is perfectly suited for modern lifestyles, offering both privacy and common areas ideal for quality family time. The kitchen, though in need of updates, provides a blank canvas for you to create your dream culinary space. Additionally, the unique charm and potential of this property make it an appealing investment opportunity, ready to be transformed into a homeowner's dream.
As you step outside, you'll discover a modest yet inviting backyard, perfect for enjoying the surroundings. Whether you envision hosting barbecues, cultivating a vibrant garden, or simply relaxing in a forest setting, this outdoor space offers boundless possibilities.
Not only does this property have tremendous potential, but it also offers the allure of residing in the sought-after Rock Creek Palisades neighborhood. Nature enthusiasts will rejoice with the nearby Rock Creek Park, offering miles of trails and scenic beauty for outdoor adventures. Families will appreciate the school district. Additionally, residents can enjoy a variety of local restaurants, shops, and amenities just a short distance away. With convenient access to public transportation, commuting to downtown or other parts of the city has never been easier.
Priced competitively, this property offers great value for the potential it presents. Buyers have the opportunity to build equity from day one, as this home is in need of some modern updates.
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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.
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About North Kensington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017