18 Chivalry Lane
About This Property
There is a full unfinished Basement, with utilities which include Oil Burner (2008) and 200 Amp Electric. The backyard features a wood Deck that steps down to a slate patio, along with an Semi-Inground pool (Pump Filter and Lining 2024), a Lush .47 Acres and Fenced Property perfect for outdoor entertaining. There is also a 2 car garage, new oil tank (2024), solar panels (leased), central air, hardwood floors, in Smithtown Schools . Welcome to Your New Home!
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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