6107 Old Hickory Road
About This Property
Welcome home to this spacious 4-bedroom, 2-bath home situated on a flat lot with no HOA! Relax on the inviting covered front porch or enjoy outdoor living year-round under the large covered back patio overlooking the fully fenced backyard. Need extra storage or workspace? The attached worksheet is equipped with power, and the double gate provides easy access for parking a boat, trailer, or other equipment. Inside, you'll find an open, functional layout with recessed lighting, and a spacious living area perfect for everyday living or entertaining. The kitchen features abundant cabinetry, a stylish tile backsplash, and overlooks the main living space. The primary suite offers tray ceilings, a walk-in closet with additional custom shelving, dual vanities, a soaking tub, and a separate shower. Additional closets throughout the home have been enhanced with extra shelving for added organization. Roof to be replaced with an acceptable offer, providing added peace of mind for the new owner. Conveniently located near schools, shopping, dining, and military bases, this home offers comfort, functionality, and room to enjoy both inside and out.
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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