5614 64TH AVENUE
About This Property
Inside, you'll find spacious and light-filled living areas, along with well-sized bedrooms offering plenty of storage. This home is in need of work and updating-perfect for buyers looking to renovate and create their dream space. With a solid foundation and great bones, there's plenty of opportunity to add value and customize to your style.
Bonus feature: a walk-up basement provides potential for extra living space, a home office, or even an income-producing unit.
Whether you're an investor or a homeowner ready to put in some sweat equity, this property is full of potential and ready for your vision.
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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