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3905 Kalamath St
About This Property
This beautifully remodeled Victorian home offers the best of both worlds: classic charm with modern updates. Located on a large corner lot in Sunnyside, this home has retained the impeccable craftsmanship from long ago with original fireplace, door hardware and refinished original wood floors. Unlike many homes from this time period, this house boasts high ceilings throughout the main floor. The floor plan was thoughtfully updated in 2019, creating an open-concept kitchen with all new appliances, cabinetry, and quartz countertops. Additional updates were made throughout the home in the last two years, including fresh paint throughout the home, the addition of a front and back mudroom, and a refresh to both living area and main floor bathroom. The backyard is a perfect place to entertain on the new patio, grass area, and includes a detached 2-car garage that is great for storage. The roof was replaced in 2017 and the exterior of the home was freshly painted in 2019, adding to its curb appeal. The home's systems are top-notch, with Hunter Douglas shades throughout, a tankless hot water heater and whole home humidifier, as well as a newer washer and dryer. Don't miss out on the opportunity to make this house your dream home!
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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