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1 Spruce Lane
About This Property
Inside, you'll find a large eat-in kitchen with ample cabinetry and workspace, perfect for everyday living and entertaining. The dining room flows seamlessly into the living room, creating an open and versatile main level. Upstairs features two well-proportioned bedrooms, including a primary suite with a private full bath. The additional full and half baths add convenience for guests and daily living. A full finished basement provides extra living space ideal for a recreation room, home office, or gym.
Exterior features include the wrap-around porch, perfect for relaxing or entertaining, along with an attached one-car garage for added convenience and storage.
Located in Central Islip, this home offers proximity to shopping, dining, parks, and public transportation, making commuting and everyday errands simple. A fantastic opportunity to own a bright, spacious home in a convenient and well-connected neighborhood.
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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.
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About Central Islip
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017