1702 61ST AVENUE
About This Property
Fresh paint and luxury vinyl plank flooring throughout the main level give it a clean, move-in-ready feel from day one. A wood-burning fireplace adds warmth and character, putting a classic twist on an otherwise clean, contemporary home. The updated kitchen features quartz countertops, stainless steel appliances, and a breakfast bar - perfect for morning coffee or casual bites. And with an open dining and kitchen combo, effortless hosting comes with the territory, whether it's an intimate dinner party or a laid-back weeknight meal.
The fully finished basement offers flexible space for a home office, playroom, gym, or guest retreat, with the added convenience of a walk-up entrance and laundry room. Step outside to a large, fully fenced corner lot - one of the best in the neighborhood. Whether it's parking on the dedicated parking pad, letting the dogs out for some exercise, letting the kids loose on the playset, or unwinding on the patio, this backyard was made to be enjoyed.
And then there's Cheverly itself. Neighbors here are close-knit and know one another on a first-name basis - it's the kind of community where people genuinely look out for each other. The annual Cheverly Day celebration brings live music and sports, while holiday events for Halloween, Easter, and Christmas keep the spirit going year-round. Add farmers markets, parades, movie nights, and sports leagues, and the social calendar practically fills itself. Not always up for the festivities? Your new home is just a quick jaunt from the fray - a peaceful retreat that's always waiting.
Just off Route 50 with its own Metro station, Cheverly puts you minutes from DC while keeping that rare small-town feel. Grocery runs are effortless with Aldi, Wegmans, Costco, Harris Teeter, and MOM's Organic Market all nearby, and trails, parks, and green spaces round out the lifestyle.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017