602 W Walcott Avenue
About This Property
A UNQUE OPPORTUNITY TO ACQUIRE TWO HOMES AT A FANTASTIC PRICE! THE FIRST HOME HAS THREE BEDROOMS TWO BATHS, CENTRAL HEAT AND AIR. KITCHEN APPLIANCES CONVEY. MOVE IN READY.
THE SECOND HOME IS A ONE BEDROOM, TWO BATH APARTMENT, A LOFT UPSTAIRS THAT COULD BE AN AWESOME GAME ROOM! APARTMENT HAS CENTRAL HEAT AND AIR. THIS IS AN EXCELLENT CHANCE TO BUY ONE HOME LIVE IN IT WHILE RENTING THE OTHER TO HELP COVER A MORTGAGE. DRIVEWAY IS SHARED. $170,000.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 29, 2026 | Price Decreased |
$170,000
↓ $10K
(5.6%) | |
| Price Decreased | |||
| Jun 5, 2026 | Relisted | $180,000 | |
| Relisted | |||
| Apr 23, 2026 | No longer available | - | |
| No longer available | |||
| Mar 20, 2026 | Price Decreased |
$180,000
↓ $40K
(18.2%) | |
| Price Decreased | |||
| May 22, 2025 | Listed by C Merworth Holdings, LLC | $220,000 | |
| Listed by C Merworth Holdings, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017