667 C STREET
About This Property
This move-in ready home has been completely updated inside and out, blending modern finishes with practical upgrades. The main level offers refinished hardwoods, brand-new windows, trim, doors, and lighting throughout. The gourmet kitchen is a showstopper with quartz countertops, New Frigidaire Gallery appliances-including a convection/air fryer range-soft-close cabinetry, and stylish fixtures.
The finished basement adds versatility with a bedroom, full bath, laundry, and an office/bonus room, perfect for work-from-home or guest space. Outside, enjoy a fenced yard, rebuilt shed, stained deck, and brand-new asphalt driveway. The massive detached 2-car garage with new doors and hardware is fully insulated, drywalled, heated/cooled, and features 10' ceilings, new openers, 200-amp service (separate from the house), and new gutters-ideal for car enthusiasts, a workshop, or extra storage. Additional upgrades include, New HVAC, RODI well system with new pump and UV filtration, all new faucets, vanities, toilets, outlets, switches, and downlights. Shower door being installed in the primary bath. This is truly a complete renovation-offering style, comfort, and peace of mind in every detail. Chelsea Beach Residents' Association is a voluntary community association with desirable water privileges, giving residents access to sandy beaches, boat ramps, and the beautiful Magothy River. The neighborhood offers a warm, welcoming atmosphere with the perfect blend of recreation and relaxation-an ideal place to enjoy both community and River life.
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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%.
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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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About Lake Shore
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017