6117 ARMOR DR
About This Property
The fully finished lower level boasts a large recreation room with an electric fireplace and wet bar, creating the perfect space for entertaining or movie nights. Two more generously-sized bedrooms with plenty of closet space, a large laundry room with extra storage, and a full bathroom round out the lower level. Garage access is also located on this floor.
The home sits on a large .24-acre corner lot, offering ample outdoor space. Despite its peaceful location, the property is conveniently close to shopping, dining, and major commuter routes, providing easy access to everything you need while maintaining a serene atmosphere. This home truly offers the best of both worlds!
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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