6616 52nd Drive
About This Property
The main level features a bright open-concept layout with spacious living and dining areas that flow into a modern kitchen with a center island and all brand-new appliances. The home features brand-new flooring throughout, a completely new kitchen, and fully renovated bathrooms with high-quality Italian tile finishes.
Recent upgrades also include new windows, a new roof, and a new boiler, providing comfort and efficiency for years to come. The finished walkout basement with a separate entrance provides flexible space for recreation, a home office, or extended living. The property also includes a private garage and concrete driveway for convenient parking.
Conveniently located near Stop & Shop, Skyfood Supermarket, short distance to Q18, Q47,Q25,Q58,Q98, and the Woodside LIRR station,
providing easy access to shopping and transportation. Residents can also enjoy nearby Elmhurst Park, a beautiful green space perfect for relaxation and outdoor activities. This is an excellent opportunity to own a fully renovated home in a convenient Queens location.
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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