12124 161st
About This Property
The interior has been completely transformed with an open-concept floor plan designed for today's lifestyle. Vaulted ceilings with exposed beams create a sense of volume rarely found at this price point, while the abundance of natural light gives the home an open and inviting feel throughout. At the center of the home is a beautifully remodeled kitchen featuring quartz countertops, shaker-style cabinetry, new stainless steel appliances, and a large island that naturally becomes the hub for daily living, casual dining, and entertaining.
The improvements continue throughout the residence with new luxury vinyl flooring, new windows, new doors, updated lighting, modern baseboards, and a fully renovated bathroom complete with designer tile work and a new vanity. Every space has been thoughtfully updated to provide a turnkey ownership experience from day one.
A separate laundry and utility room adds functionality, while the generous lot offers outdoor space to enjoy, entertain, or customize over time. Whether you're purchasing your first home, downsizing into a single-level floor plan, or simply looking for a move-in ready property without the headache of renovations, this home checks all the boxes.
Offered at $650,000, 12124 161st Street represents one of the best values currently available in Norwalk and may very well be the lowest-priced fully remodeled turnkey home on the market. Opportunities like this don't come around often.
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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