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21 Potter Street
About This Property
The large living room features an exceptional wood mantel fireplace and oversized windows that flood the home with natural light. A formal dining room includes built-in china closets and a bright sitting area with bow windows. The kitchen offers granite countertops, stainless steel appliances, tiled backsplash, and counter seating.
Additional highlights include a first-floor bedroom with pocket doors, a den with slider leading to a bi-level deck and backyard, high-hat lighting, cast iron baseboard heating, 3-zone heating, 200-amp electric service, and a full basement where the heating system is located. The second floor features three bedrooms, a full bath with Italian tile work, and washer/dryer for added convenience.
With proper permits, the property offers possible Mother-Daughter potential.
Situated on a quiet street near Patchogue Village, close to restaurants, shopping, and local amenities. Home being "Sold As Is".
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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 East Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017