5618 Hewitt Drive
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2022 | Sold | ||
| Sold | |||
| May 9, 2022 | Listed by Red Door Realty & Associates | $395,000 | |
| Listed by Red Door Realty & Associates | |||
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Beautifully updated home in the sought-after community of Oak Forest. Tons of curb appeal; custom porte cochere, new exterior paint & wide porch welcome friends & family to your home. Wood floors flow through the open concept living room, nicely upgraded island kitchen for beauty & easy maintenance. Private study located off the living room w/custom pocket doors, could also be used as an extra bedroom or playroom. Spacious primary suite includes huge walk-in shower & granite finishes. Indoor laundry room offers additional storage. Then step into the crown jewel, the gorgeous back yard. Stamped concrete porch boasts year-round living space; huge back yard is beautifully manicured & plenty of space for children & furry friends. Recent updates include: new PEX piping (interior & exterior), new fence, new exterior paint (front & back), HVAC updates, & more. Please see attached upgrade list. Outstanding location, minutes to downtown, central business districts, shopping, & airports.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017