4102 29TH ST
About This Property
Architectural details include original wood trim, gleaming hardwood floors, delightful nooks and crannies, and vintage fittings throughout. The quintessential bungalow front porch invites you into a handsome living room with wood flooring and a modern ceiling fan. The open dining room, featuring an elegant archway, creates a seamless flow into the redesigned gourmet kitchen-ideal for entertaining. The kitchen is equipped with stainless steel appliances, granite counters, beautiful cabinetry, a gas range, and ample prep space, opening to a light-filled breakfast room. The main level also offers a full bathroom, and a serene primary bedroom.
Upstairs, you'll find two sizable bedrooms with walk-in closets, a versatile office and a full bathroom. The lower level features an updated in-law suite, complete with a living area/recreation room, a second kitchen, a guest room, a full bathroom, a laundry area with a high efficiency washer and dryer, a utility sink, and ample storage space.
Outside, the picturesque exterior boasts a private yard with mature plantings, an expansive stone patio, a long driveway and a detached 2 car garage. Located in a prime spot, this home is close to shops, groceries, restaurants, and parks such as Barnard Hill Park and Mount Rainier Historic District. Just 1.1 miles from the Green Line Metro Station and offering easy access to Route 1 and Michigan Avenue!
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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%.
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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