604 65th Avenue DRIVE W
About This Property
New windows (approx. 2018) and HVAC replaced in 2019, ensuring a contemporary living experience. The in-ground caged pool, remarcited in 2015, provides an inviting oasis complemented by a covered patio. Enhancing the appeal of this outdoor haven, the pool is efficiently heated with natural gas. The tropical ambiance of the pool area creates an idyllic setting for both serene relaxation and lively family barbecues. Adding to the appeal of this property is a 10x16 shed, catering to additional outdoor storage needs. The thoughtful inclusion of backyard pavers minimizes the need for regular mowing, while the fully fenced yard, adorned with a charming picket fence in the front and mature landscaping, imparts a sense of privacy and tranquility. The residence's interior : both functionality and charm, featuring a generously sized family room with glass sliders and an appealing decorative wood wall. The galley-style kitchen, equipped with roll-out cabinets, offers ample storage space, and the dedicated eat-in area provides a cozy spot. Further enhancing the convenience is an inside laundry area. With over 1500 square feet of well distributed living space, the home is constructed of block and stucco, with a roof approximately 12 years old. Noteworthy is the previously conversion of the garage and included into living space of 260 square feet, serving as a versatile fourth bedroom/office or study. There is a front screen lanai and a carport/screen lanai open up to a back paver patio, creating a seamless flow for entertaining guests. Situated in a pedestrian-friendly neighborhood with sidewalks on both sides of the street, the residence offers convenient access to shopping, the SRQ airport, and beaches. Call today for more information or to schedule your private showing.
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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