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238 Locust Drive
About This Property
Incredible ranch in Rocky Point offers the perfect blend of comfort and serene living. Step into the inviting living room, where newly finished hardwood floors and abundant natural light set the tone for the entire home. The kitchen features charming country-style cabinetry, stainless steel appliances, a propane cooktop stove, and recessed lighting-ideal for both everyday living and entertaining. A beautifully renovated bathroom adds to the homes appeal. For peace of mind, this property also comes with major upgrades, including a new roof, new siding, new boiler, and a new hot water heater.
**More photos to come**
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017