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18 Timberpoint Road
About This Property
The main level features a modern electric fireplace with a wooden mantle, detailed wall finishes, detailed statement lighting that tie in the design of this home, and a mudroom designed for everyday function. Oversized imported European tilt-and-turn windows. bring in natural light throughout the day, creating an effortless indoor–outdoor feel across the living spaces.
Upstairs offers three vaulted-ceiling bedrooms, a second-floor office overlooking the backyard, and a spacious primary suite with a walk-in closet and a spa-style bath. All second-floor bathrooms include radiant heated floors and towel warmers for added comfort.
The 1,800 sq. ft. unfinished basement with 8' ceilings provides room for future expansion. Outdoors, the property showcases an 18' x 36' heated saltwater pool with a sun ledge, three waterfall features, 2,000 sq. ft. of pavers, and a large wooden gazebo with a metal roof and outdoor kitchen setup- continuing the adaptable space for those who love to entertain both inside and out!
This is a one of kind East Islip Gem!
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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%.
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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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About East Islip
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017