123 South Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 12, 2026 | Sold | ||
| Sold | |||
| Oct 2, 2025 | In contract | - | |
| In contract | |||
| Sep 12, 2025 | Listed by Exit Realty Island Elite | $899,000 | |
| Listed by Exit Realty Island Elite | |||
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Welcome to this beautifully expanded ranch in the heart of Wading River, where modern updates meet timeless elegance. This 3-bedroom, 3-bath home boasts an open concept design with tray ceilings, crown molding, and gleaming hardwood floors throughout. The stunning newly renovated kitchen is the centerpiece of the home featuring a large island, quartz countertops, & stainless steel appliances. Escape outside through the french doors to an upper level stone patio overlooking the in ground salt water swimming pool. Off the kitchen you'll find a relaxing Den with a wood burning brick fireplace, complete with an insert to increase efficiency & cleanliness.
The primary bedroom showcases a sunroom off the back complete with cathedral ceilings & radiant heated flooring. The partially finished master bathroom leaves room for your personal touches & design while the hallway bathroom has undergone a complete makeover, from flooring to tile along with a beautiful & spacious cedar closet. Head down to the finished basement for additional living space with built in speakers for the full surround sound experience, an additional full bathroom, separate laundry room with more cabinetry and counter space, this home is never ending! Don't forget about the separate unfinished basement area for all your storage needs and designated spot for utility equipment. This home is turn-key, move in ready! Located less then a mile from the beach and just 10 miles to the North fork's vineyards, 30 Miles to the Hamptons and 73 Miles to Manhattan. Weather you're looking for the perfect retreat of relaxation or a home that fits all your entertaining needs, this home offers it all with mostly every big item improvement done within the last five years!! Brand New Roof, August 2025! Brand New Heat Pump System, 2023! Brand New Windows & Doors, 2023! Brand New Kitchen, 2021! And that's not even half of it, too much to list, come and check it out now!
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| Aug 30, 2021 | Sold | ||
| Sold | |||
| Nov 17, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017