6485 Jay St
About This Property
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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 |
|---|---|---|---|
| Jul 23, 2024 | Sold | ||
| Sold | |||
| Jul 4, 2024 | In contract | - | |
| In contract | |||
| Jun 25, 2024 | In contract | - | |
| In contract | |||
| Jun 21, 2024 | Listed by Your Castle Real Estate Inc | $725,000 | |
| Listed by Your Castle Real Estate Inc | |||
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Absolute stunner of a remodel in the heart of Arvada! 2,573 above grade square feet, 6 bedrooms, 3 full baths, 2 full kitchens, 1 oversized coffee/wet bar, a huge 10k SF lot, two car garage plus RV or trailer spot is just the start to this homes highlights! With all square feet above grade, the home provides so much natural light from every room. Walking into the home you'll immediately notice the open concept layout that includes the dining room, kitchen with huge 4 person island and oversized wetbar/pantry and living room all leading directly out to the deck and massive backyard with new sod, sprinklers and even a private covered hot tub area. On the main level you'll find the oversized master bedroom that includes an ensuite bathroom with custom double vanity, custom tile walk in shower and oversized walk-in closet. Three full size bedrooms or offices plus fully remodeled guest bathroom round out the main level. The lower level includes a full kitchen and 4+ person eating bar top island and large living room along with a fully updated bathroom and two additional bedrooms. The walk out entrance leading to the side gate and side parking would allow for separate living or lower level tenant/airbnb. The uses for this home are truly endless from an entertainer's dream, large family, multi generational living, co-living, 6 bed airbnb cash cow, separate lower level tenant....the options keep going. If you are looking for the only 6 bedroom home in Lamar Heights, this stunner is that unique opportunity you don't want to pass up! OPEN HOUSES Sat 11-2, Sun 10-2.
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| Mar 4, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017