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15 Cedar Lane
About This Property
The spacious interior offers generous room sizes, abundant natural light, and a versatile floor plan ideal for everyday living, entertaining, or working from home. The kitchen features a large island, white cabinets, quartz countertops, stainless steel appliances, Anderson windows and recessed lighting. Upstairs the large primary bedroom ensuite features a soaking tub and walk-in closet with attic access. There are two additional bedrooms and a full bathroom upstairs. The laundry room is located off the kitchen before the garage entrance for convenience. A 2.5-car garage is a standout feature, offering 12-foot ceilings that provide exceptional storage potential and flexibility for vehicles, hobbies, or workshop space. There is also a full unfinished basement for additional storage.
Outside, enjoy the privacy and tranquility of the expansive property with plenty of room to relax, garden, or create your own outdoor retreat.
An optional HOA membership of approximately $200 per year provides access to the Bellport Beach Property Owners Association amenities, including a private beach, gazebo, boat ramp, and dock. Members also have the opportunity to participate in a variety of community events throughout the year, such as live music performances, barbecues, and other seasonal gatherings.
Conveniently located near local parks, marinas, shopping, dining, and transportation, this property offers a unique combination of space, amenities, and lifestyle. Don't miss the opportunity to make this exceptional East Patchogue home your own.
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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