4103 RAINIER AVE
About This Property
Upon entering, you'll be greeted by an inviting interior that boasts 4 bedrooms and 3.5 bathrooms. The primary bedroom features a private en-suite bathroom, walk-in closet, and a balcony providing a peaceful retreat within the home.
The main level of this home effortlessly connects the living, dining, a full in-law suite, and kitchen areas, establishing an ideal setting for both hosting gatherings and everyday living. The top-notch kitchen is a chef's delight, featuring smart Wi-Fi-connected appliances, quartz countertops, and ample storage. An eat-in peninsula further enhances the space, providing a perfect spot for casual dining or additional seating for socializing.
Adding to the allure of this property is the detached 1-car garage and the versatile storage space beneath the house. The detached garage offers convenient parking and storage solutions, providing a secure and sheltered space for your vehicle. Meanwhile, the fully encapsulated storage space beneath the house presents a unique opportunity for customization. Whether you envision it as an extra storage area to declutter living spaces or as a potential wine cellar for connoisseurs, the options are boundless.
Step outside to enjoy the private outdoor features, including a balcony, and a private patio perfect for relaxing or hosting.
The property boasts a commitment to quality, evident in various enhancements, including a full encapsulation of the crawl space with mold remediation, installation of a dehumidifier and sump pump in 2020, a Trex composite upgrade to the back patio in 2022, custom shelving in the pantry added in 2020, and heat-proofing of downstairs doorways in 2023.
Located in the vibrant community of Mount Rainier, this home offers convenient access to a variety of nearby amenities, including dining, shopping, and entertainment options.
Don't miss the opportunity to make this exquisite property your new home! Schedule a showing today and experience the comfort and luxury this home has to offer.
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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 Mount Rainier
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017