17 Lombardy Drive
About This Property
Recent improvements include a brand-new roof, new oil burner, new flooring, and a wood-burning stove for added warmth and energy savings. The kitchen features updated, stainless steel appliances, blending modern convenience with everyday functionality. The property also includes a valid elevation certificate, resulting in significantly reduced flood insurance premiums. LOW taxes!
Enjoy a true coastal lifestyle with nearby access to boat launches, beaches, and parks. The home is move-in ready and offers a great balance of comfort, efficiency, and location.
Located in the Town of Brookhaven, this home offers close proximity to Smith Point Beach, public boat launches, parks, and the Mastic–Shirley LIRR station. Nearby amenities include shopping, dining, and schools in the William Floyd School District. Enjoy the best of Long Island's South Shore lifestyle.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017