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4445 FARADAY PLACE NW
About This Property
Upon entry, the living room exudes an atmosphere that encourages one to shed their shoes, settle in, and momentarily escape the burdens of the outside world. The dining room is resplendent, evoking the aesthetic richness reminiscent of the opening scenes of a "White Lotus" episode. The kitchen is an intimate space, harkening back to the values of Mid-Century Modern design, emphasizing the charm of a closed kitchen.
Ascending to the upper level, the continuity of rich hardwood floors leads through three bedrooms and a full bathroom, each enriched with original door hardware. The pull-down attic entices with the potential for transformation into a finished living area, characterized by vaulted ceilings and original sunburst windows. The lower level of this distinguished residence encompasses an open lounge area, a full bath, a washer and dryer, and convenient access to both the garage and the fenced backyard. With the availability of ample street parking, the garage may serve as an ideal storage space or workshop.
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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 Northwest Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017