18 Hill Lane
About This Property
First Level: Living room, dining room, kitchen, and 1 full bathroom
Second Level: Family room with fireplace
Third Level: 4 bedrooms and 1 full bathroom
The upgraded eat-in kitchen (2021) includes granite countertops and stainless steel appliances. Major improvements include a new driveway and walkway (2025), 22 SEER heat pump and AC system (2022), and roof, siding, PVC fencing, gutters, and above ground 30x30 pool with Hayward motor/filter (2015). Additional highlights include oil baseboard heat, 200-amp electric service, two-car garage with new garage door openers, 6-zone in-ground sprinkler system, 12x12 outdoor shed, wireless upgraded home security system, and a 2-stage snowblower left by the seller.
Enjoy an oversized fenced backyard with pool, central air conditioning, and automatic sprinkler system. Low annual property taxes of $14,338. Priced to sell at $778,333.
Located in a quiet residential neighborhood within the highly regarded Smithtown School District, zoned for Smithtown High School West, Accompsett Middle School, and Accompsett Elementary School. Convenient to the Long Island Expressway (LIE), Smithtown LIRR station, parks, shopping centers, Trader Joe's, Stop & Shop, and a variety of restaurants.
A rare opportunity to own a move-in-ready home offering space, modern upgrades, and a prime location.
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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%.
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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