1635 Smith Road
About This Property
This stylish 3-bedroom, 2-bath residence includes a spacious primary suite with an ensuite bath and walk-in closet. The tastefully designed kitchen showcases high-end cabinetry, quartz countertops, and bar seating for four, with an open-concept layout that flows seamlessly into the dining and living areas. The inviting living room retains its original craftsmanship and character, highlighted by a cozy propane fireplace, while thoughtful upgrades throughout provide comfort and efficiency. A bright home office with abundant natural light offers flexibility as a multipurpose space.
One of the home's standout features is the oversized 290 sq ft screened-in porch-perfect for relaxing after a day at the beach, entertaining guests, or unlocking additional potential.
Enjoy outdoor living with a beautiful backyard yard, featuring a patio installed in 2018, and charming gardens. A full basement provides ample storage, and a rental permit adds excellent investment potential. Partial furnishings potentially available to be negotiated into deal or sold separately. Private Indian Neck Park Association. Located just 150 feet from the entrance to the private bay beach, this home is the ideal summer getaway or fabulous year-round retreat.
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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