6419 K ST
About This Property
The lower level of this home has been transformed into a fantastic recreation area, offering endless possibilities for fun and relaxation. Additionally, a well-appointed bedroom and a lavish full bathroom grace this level, making it perfect for extended family members or guests. Additional updates in this home include new windows that flood the interior with natural light, and a fresh coat of paint throughout, giving the home a crisp and modern feel. The flooring is a combination of luxurious vinyl plank and elegant ceramic tile, offering both durability and style. One of the standout features of this property is the expansive backyard, providing plenty of space for outdoor activities, gardening, or even the addition of a private oasis. Whether you envision family gatherings, playtime with pets, or simply relaxing in your own green sanctuary, this backyard has the potential to make your dreams a reality. Parking will never be a concern with a spacious driveway and ample off-street parking options. This home is also conveniently located for commuters, with easy access to Cheverly Metro, I-295 for a direct route to Washington, D.C., and the Beltway (I-95 South or I-495 North). Multiple nearby Metro Rail stations, including Capitol Heights, Largo, and Addison Rd, make daily commuting a breeze. Beyond its prime location and updates, this home is surrounded by numerous amenities and attractions. Enjoy sporting events at FedEx Field, stay active at the Prince George's County Sports and Learning Complex, and engage in community activities at the Cedar Heights Community Center. Shopping and dining options are abundant with Wegmans and the Woodmore Shopping Center just minutes away. Welcome home!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017