4049 34TH ST
About This Property
*** The home enjoys a convenient location near Red Dirt Studio, owned by a renowned artist, used as a creative studio space by local artists.
*** The Flynn-Steck House honors the legacy of its most recent owners. Admire the work of locally renowned artist Charles Steck - displayed throughout the home during the showing period. Learn about Steck's contributions to the DC arts community, many of which were developed in the darkroom formerly in the large basement of the property.
*** Total tax bill for current owner is $8904.25.
***Sold as is due to the age of the house; carefully restored by local historic preservationist.
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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.
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 Mount Rainier
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017