6 RIVIERA CT
About This Property
Hardwood stairwell leads to the upper level featuring an owner's suite and 3 additional bedrooms. Elegant owners suite has a cathedral ceiling, hardwood flooring, jetted soaking tub, separate shower, double sink, and a skylight. The remaining 3 sizable bedrooms are carpeted and serviced by a full bathroom in the hallway. Lots of options on the lower level, including a large recreation room, third full bathroom, storage room, and 2 office/studio/hobby rooms, one of which includes custom built in cabinetry and shelving and can be used as a fifth bedroom. Lower level also offers plenty of natural light through windows along the rear of the home, and a walkout through the french doors to a patio under the deck.
Roofing shingles replaced a year ago as well as the gutters! Hot water-2016. Gas furnace-2007. Dishwasher and refrigerator are brand new.
Ten minute drive to the Glenmont Metro, five minutes to the ICC/Colesville Shopping Center/Wheaton Regional Park. Recreational opportunities abound. Property borders the Northwest Branch Regional Park with quick access to miles of hiking/biking trails. Premium location!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017