50
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6040 Taft Ct
About This Property
A few steps down from the living area are two secondary bedrooms and a full bath with tile flooring, updated vanity, and glass-enclosed soaking tub. The lower level includes a large family room with two oversized egress windows (30x42), a fourth bedroom, and a combined bathroom/laundry/utility space. Additional upgrades include new exterior wall and ceiling insulation, new roof, new stucco and exterior paint, new sewer line, updated plumbing and electrical fixtures, new interior doors and trim, and fresh two-tone interior paint throughout.
The oversized 542-sq-ft two-car garage is finished with drywall and paint and is complemented by a separate workshop with cabinetry. Situated on a flat, fully usable 8,364-sq-ft lot that is fenced and professionally landscaped. Outdoor features include a covered 30x16 concrete patio, new front porch, and new concrete sidewalk. This is a true turn-key property offering quality, function, and timeless design.
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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