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6007 38TH PLACE
About This Property
Recent improvements include a brand-new second full bathroom, new carpet, new lighting throughout, gas central heating, and a roof approximately two years old. About half of the basement has also been remodeled and finished, adding valuable bonus space.
Outside, enjoy driveway parking, a fenced backyard, and a detached shed with electricity and a window-ideal for a workshop, studio, hobby space, or storage.
Located within walking distance of Hyattsville Crossing Metro and convenient to Washington, DC, the University of Maryland, University Town Center, Mall at Prince George's, shopping, and dining. Select photos for this listing have been virtually staged.
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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 Hyattsville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017