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6273 Madras Circle
About This Property
As you enter through the front door, envision the possibilities that await in the generous living spaces. The main floor features the master bedroom, offering the convenience of single-level living, while the upper floor hosts three bedrooms, a bathroom and a loft, providing a versatile space for various uses.
The heart of the home is this spacious kitchen which was enlarged by the current owner at the time the home was built. The kitchen features a reverse osmosis water filtration system and opens up to the screened pool patio. Convenience is key with the two-car garage, providing secure parking and storage options. The home's proximity to houses of worship adds a layer of community connection, making it an ideal location for those who value a close-knit neighborhood.
With its prime location and the potential for a stunning transformation, this 4-bedroom, two-and-a-half-bathroom single-family pool home is a rare opportunity to create a residence that perfectly aligns with your vision and lifestyle. Embrace the prospect of making this house your own and turning it into a true reflection of your taste and preferences.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 22, 2024 | Sold | ||
| Sold | |||
| Nov 29, 2023 | Listed by Keller Williams Realty Service | $525,000 | |
| Listed by Keller Williams Realty Service | |||
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About Indian Wells
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017