5419 OLD CHENEY HIGHWAY
About This Property
Picture this: a fully remodeled home a few streets from Baldwin Park, where weekends mean strolling to the lake, grabbing coffee, and walking the neighborhood. Zoned for Baldwin Park Elementary, Glenridge Middle, and Winter Park High School.
Inside, it's all fresh and ready. The roof is brand new, the paint is crisp inside and out, and new flooring runs throughout. In the kitchen, butcher block countertops give the space a warm, inviting feel for cooking, coffee, and everything in between.
This home also works as hard as you do. The layout allows you to live on one side and rent the other, or rent both, which can help you cover your mortgage while you build equity.
Then there's the backyard. Beyond the open green space sits an oversized workshop with endless possibilities. Make it your creative space, a home office, or storage for your hobbies. Or convert it into a private studio for a rental opportunity or a place for a loved one to live close by.
No HOA means more freedom. Seller-paid closing costs mean a smaller upfront investment. A location this good with this much flexibility won't last. Book your showing today!
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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