172 Shady Lane
About This Property
Beautifully updated one-level home in the peaceful Jolly Bay area of South Freeport. This 3-bedroom, 2-bath cottage with a 2-car garage sits on a spacious 1-acre lot; bay views, pocket park, easy access to Hwy 331.
The split floor plan includes a large bonus room perfect for an office or studio. The spacious living area features a gas fireplace and opens to a large back deck, ideal for entertaining. Recent upgrades include a new roof, new windows, RV parking pad, new gutters, two newly screened porches, and spray-foam attic insulation for energy efficiency.
Enjoy large yards with a fully fenced perimeter in the rear, offering privacy, space for pets, play, or gardens. No HOA. Grady Brown park boat launch 1 mile.
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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