6506 JOHN THOMAS DR
About This Property
The front porch is one of a kind and was previously renovated to create a custom 8 ft deep porch with large columns. Upon entering, you will notice both the main level and upstairs have beautiful hardwood floors, and a layout that was thoughtfully designed for both functionality and comfort. The living area features lovely built-in shelving around a cozy wood burning fireplace. You won't be able to miss the inviting sunroom with vaulted ceilings that has a door out to the back deck. Upstairs you will find 4 spacious bedrooms and 2 full bathrooms. Heading downstairs you will find a large rec room, a full bathroom, a laundry room/gym space as well as a bonus room perfect for guests. The backyard has a large deck and a well maintained fenced in yard perfect for kids and dogs.
Updates include: new garage doors and newer sump pump with battery back-up in 2021, 8 year old roof with 50 year warranty, and all of the appliances are GE Profile - refrigerator, dishwasher, microwave, stove/oven, washer and dryer and were all installed in 2020. All HVAC vents and air ducts have been professionally cleaned and new air purifier in the basement installed. Deck has been refinished and owners added additional support beams to support a hot tub if desired on deck.
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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.
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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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About Franconia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017