260 28th Street
About This Property
The Main Portion Of The Home Features A Spacious Living Room, Two Well-Sized Bedrooms On The First Floor, A Full Bathroom, And An Eat-In Kitchen With Sliding Glass Doors Leading To A Screened-In Porch-Perfect For Everyday Living Or Entertaining. The Outdoor Setup Continues With A Deck And A Private Backyard, Offering Plenty Of Usable Space.
The Second Level Provides Three Additional Bedrooms, Including A Primary Suite With A Walk-In Closet, Along With A Convenient Jack & Jill Bathroom. There Is Also Attic Space Offering Excellent Storage.
The Legal One-Bedroom Accessory Apartment Includes Its Own Private Exterior Entrance, Eat-In Kitchen With Granite Countertops And Gas Cooking, Washer And Dryer, And A Separate Central Air Zone-Ideal For Extended Family Or Generating Rental Income.
Located Within The Town Of Babylon, This Home Also Offers Access To Resident-Only Beaches, Close Proximity To Tanner Park Featuring Outdoor Entertainment And A Splash Park, Convenient Access To The Babylon Train Line For Commuters, And Easy Access To Both Lindenhurst Village And Babylon Village For Dining, Shopping, And Local Amenities.
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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 Copiague
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017