3651 6TH AVE
About This Property
This property has undergone a mindful modernization, now showcasing newer windows, water heater, water pump, newer roof and HVAC system. Inside discover a bright and airy interior adorned with some newer light fixtures. The upgraded kitchen, renovated in 2016, features stainless steel appliances, gas stove, granite countertops, an island and soft closing cabinets.
Relish outdoor living on the gorgeous back deck and patio area. The fully fenced backyard offers privacy, complemented by thoughtful landscaping that enhances the natural beauty of the surroundings.
With three bedrooms, two full bathrooms, and one half bathroom, along with convenient main level laundry, living room with a propane fireplace, family room, dining room, and an eat-in kitchen, this home is well equipped. Additional features include a large unfinished basement with windows, a shed for extra storage, a one-car garage, and driveway for parking convenience.
Experience the ultimate waterfront lifestyle in Selby On The Bay – the neighborhood offers a community clubhouse with iconic water views of the Selby Bay, beach, boat ramp, pier, kayak storage, playground, basketball court, and ample common space. Conveniently located near Beverly Triton Beach Nature Park, the Smithsonian Environmental Research Center & Wildlife Areas, Historic London Town & Gardens, convenience stores, farmers market, waterfront dining, marinas, and more.
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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