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16 Old Field Lane
About This Property
Designed for both everyday living and elegant entertaining, the home offers spacious interiors filled with natural light, creating a warm and inviting atmosphere.
Located within the highly regarded Mount Sinai School District, this exceptional 4-bedroom, 2.5-bath home offers the privacy of a secluded retreat while remaining just minutes from shopping, dining, parks, beaches, marinas, and major commuter routes. Updates include newly refinished hardwood floors throughout, freshly painted interior, 200 amp electrical service, huge Trex deck, and a partially finished basement
Only 8 miles to Stony Brook University and Hospital; 3 miles to Mount Sinai Harbor and Cedar Beach, 2.5 miles to Port Jefferson Village, and 2 miles to Port Jefferson Train Station.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017