6506 FARLEY STREET
About This Property
Inside, you'll find a bright open floor plan with gleaming hardwood floors throughout the main level. The heart of the home is the charming, on-trend kitchen featuring two-tone cabinetry, sleek stainless steel appliances, a marble backsplash, and elegant quartz countertops-an ideal space for both cooking and entertaining. The dining area is conveniently located adjacent to the kitchen and has a whimsical sputnik-style chandelier to make things interesting. Just off the main living area, a screened-in porch offers a peaceful retreat on those soon-to-be warm summer evenings. Picture yourself there dining al fresco and enjoying the private, fenced rear yard.
The home includes stylishly appointed bathrooms with contemporary fixtures and finishes, adding a spa-like touch. Downstairs, the fully finished lower level features an inviting second family room, an additional bedroom-perfect for guests or extended family-full bath, a laundry room, and a versatile finished space that works beautifully as a media room, home office, or extra storage.
Located just minutes from major commuting routes, parks and greenspace, Whole Foods, Springfield Town Center, shops, and restaurants, this home offers both convenience and tranquility in a sought-after neighborhood. It's move-in ready and in excellent condition-an ideal blend of character, updates, and location. West Springfield/Irving/Keene Mill school triangle.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017