616 HYDE RD
About This Property
Upstairs there are four generously sized bedrooms with new carpet and fresh paint plus two full bathrooms that have been renovated with luxury modern design.
Down the first flight of stairs there is a large living space with a second wood burning fireplace that is very versatile and could serve as a playroom, office, family room, etc. But we aren't done! Down another few steps you'll find the second basement with a common area, one legal bedroom, plus another room that could serve as a bedroom, a newly updated full bath, and the brand new washer dryer set.
Situated on almost a quarter acre lot in the highly desirable Kemp Mill Estates, centrally located with easy access to houses of worship, shopping centers, hiking trails and parks (Kemp Mill Park, Northwest Branch Trail, Wheaton Regional Park, Wheaton Regional Park and Brookside Gardens Sligo Creek Park). Close to 495, the ICC, Route 29, and the Red Line metro makes this an awesome location for commuters.
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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 Kemp Mill
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$2,900 /mo
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$2,750 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017