183 West Avenue
About This Property
One of the home's highlights is the inviting sunroom, a cozy spot to read, relax or enjoy the afternoons natural sunlight. Enjoy the ease of village living with walkable access to the Great South Bay, Patchogue River, Main Street and all of the dining and shops it has to offer, plus enjoy the village amenities including the village pool just a few blocks away! Conveniently located near the LIRR and the Fire Island ferries, making commuting and weekend getaways a breeze. An easy place to feel at home so don't miss this chance to see it in person.
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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.
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About Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017