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115 Chapel Avenue
About This Property
Enjoy additional living and storage potential with a full unfinished basement featuring interior access. Step outside to your private backyard retreat complete with an in-ground pool, cabana with half bath, and attached storage shed - perfect for entertaining and summer enjoyment.
Adding even more value are the owned solar panels, resulting in virtually zero electric bills, along with incredibly low annual taxes of just $7,270.46.
Enjoy the best of South Shore living in this ideally located home, just moments from the bay in desirable Flood Zone X. Conveniently situated near vibrant Patchogue Village and the nearby Long Island Rail Road, offering easy access to dining, shopping, and commuting.
A rare opportunity offering affordability, functionality, outdoor enjoyment, and future potential - all being sold as is. Rooms and pool have been digitally altered.
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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 East Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017