114 Araca Road
About This Property
Enjoy modern conveniences including central air, a Navien tankless system, 6-zone heating (4 zones in the main house), radiant heat on the first floor, a generator hookup, updated electric with 200-amp service plus a 100-amp subpanel, and a large attic for ample storage. Outdoor living is just as impressive, with an outdoor shower, electric awning, and ideally located close to the open bay for convenient boating. You'll love being near local shops, restaurants, parks, and the LIRR. Residents also enjoy Babylon Village amenities, including access to the Village Pool, Golf Course, private garbage pick-up, and Town of Babylon beaches. Babylon Village Schools!
A rare opportunity to own a true waterfront retreat in one of Babylon Village's most desirable locations.
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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