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16 Smith Street
About This Property
Inside, the home boasts a bright open-concept layout with brand-new oak hardwood floors, two expansive living rooms, and a show-stopping chef's kitchen. Centered around a waterfall quartz island, the kitchen is adorned with designer tile backsplash, stainless steel appliances, gold hardware, and a cozy built-in bench beneath a beautiful bay window. A formal dining room completes the ideal space for entertaining.
The hall bathroom is a showpiece, featuring floor-to-ceiling tile, a double vanity, and a spa-like vibe. The home offers three oversized bedrooms, including a luxurious primary suite with a walk-in rainfall shower, stone flooring, and an accent wall that exudes modern elegance.
The finished basement is massive-complete with a full wet bar, a designer full bathroom, shiplap accents, and stylish tile flooring. With a layout that offers potential for an outside entrance, it's perfect for extended living or entertainment space.
Sitting on a generous lot, this home offers privacy, room to entertain, and a sense of retreat. Additional upgrades include: New HVAC & Central Air, All New Insulation, New Siding, Roof, Windows, and Gutters, New Electrical & Plumbing Fixtures & SO MUCH MORE.
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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 Lake Ronkonkoma
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017