22
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184 Smith Road
About This Property
The main level is equipped with modern split units to ensure personalized climate control throughout the seasons. For added convenience, the home features a washer and dryer that are less than three years old, with a washer large enough to fit a king-size comforter. The living space extends seamlessly outdoors to an expansive rear deck, where a beautiful pergola offers a picturesque setting for summer nights under the stars. The property sits on a half-acre lot, providing a sprawling backyard with plenty of room for pets to roam or for the ambitious gardener to create their own private oasis, complete with a dedicated shed for all your yard tools.
Ideally located for both recreation and convenience, this home is just a short distance from the shores of Lake Ronkonkoma and offers swift access to the Long Island Expressway and the LIRR, making your daily commute effortless while keeping you close to the best of the neighborhood.
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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 Lake Ronkonkoma
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017