115 Shore Road
About This Property
Enjoy water views and effortless single-level living in this beautifully reimagined ranch. Thoughtfully designed for comfort and functionality, the home features spacious living areas, stunning updated kitchen, 4 generously sized bedrooms and 3 beautiful baths. Expansive windows frame picturesque water views, creating a zen backdrop throughout the home. Seamless indoor-outdoor flow leads to outdoor spaces ideal for relaxing, entertaining or simply enjoying coastal surroundings. Conveniently located in Patchogue Village, enjoy vibrant restaurants, shops, marinas, parks and beaches. This property offers the perfect blend of tranquility and accessibility. Whether you're seeking a year-round residence or a weekend retreat, 115 Shore Road presents an exceptional opportunity to enjoy water view inspired living in one of Long Island's most desirable South Shore communities.
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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 Patchogue
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$2,415 /mo
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$2,415 /mo
- 1 Bed
- 1 Bath
- 805 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017