6040 Aiken Road
About This Property
Inside, the home offers a functional layout with generously sized rooms throughout. The kitchen includes a center island with seating, bar area, pantry, and newer countertops, offering great space for everyday living and entertaining. A first-floor in-law suite with private entrance, porch access, full bath with walk-in shower, and closet provides flexible living options for extended family, guests, or a home office.
The second floor features a large primary suite with walk-in closet and private bath, along with additional well-proportioned bedrooms. The clean basement includes Bilco doors, concrete floors, and glass block windows, ideal for storage or workspace.
While some cosmetic updates will enhance its full potential, the home offers solid mechanics, timeless character, and the added benefit of a generator for reliable backup power. Enjoy privacy, space, and endless possibilities on this rare 1-acre property in a prime location.
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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