4200 29TH ST
About This Property
Step inside this classic home to discover the charm of original woodwork and the warmth of hardwood floors throughout, creating a seamless flow between rooms. The formal dining room is perfect for hosting gatherings, and the two main-level bedrooms add convenience and versatility. Recently finished, the basement offers additional living space and includes a beautifully tiled bathroom.
This home is full of potential and ready for your touches. The roof is less than 3 years old and ensures peace of mind. A stand-alone generator provides backup power, brand new solar panels contribute to energy efficiency, and an upgraded wall enhances security and privacy.
Finally, this tranquil neighborhood on the MD/DC line is close to bus lines, Metro stations and the Mall at Prince George's. It's also steps to restaurants, CVS, grocery store, parks and so much more. As an added bonus, the city hosts regular events creating a great sense of community!
Don't miss the opportunity to make this property your own! Schedule a private tour today!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 6, 2024 | Sold | ||
| Sold | |||
| May 4, 2024 | In contract | - | |
| In contract | |||
| Apr 25, 2024 | Relisted | $599,500 | |
| Relisted | |||
| Apr 11, 2024 | Listed by Keller Williams Capital Properties | $625,000 | |
| Listed by Keller Williams Capital Properties | |||
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About Mount Rainier
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017