5919 SIMMONDS AVE
About This Property
Step outside to enjoy the deck and patio, offering fantastic spaces to relax and entertain. The huge fenced-in backyard provides privacy and room for all your outdoor activities, while the concrete driveway ensures ample parking space
The master bedroom is a true retreat with a tiled shower and a spacious layout. The other bedrooms are equally generous in size, with plenty of closet storage. The lower level boasts a great family room with a walk-out to the backyard, plus a large closet perfect for storing toys, games, or other essentials.
One of the basement bedrooms is hotel-style or could serve as a studio apartment, making it ideal for guests or use it as Pesach kitchen for added convenience.
With a new roof and insulation, this home is move-in ready and energy-efficient. Don't miss the opportunity to own this beautifully renovated gem-schedule a tour 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017