3 Ivy Hill Drive
About This Property
Step inside to an inviting foyer that has a cozy living room with a charming fireplace, perfect for gatherings or quiet evenings. The open floor plan seamlessly connects the dining area to the updated eat-in kitchen, featuring a center island, modern finishes, and plenty of space for entertaining.
The spacious primary bedroom includes multiple closets and a private en-suite bath. Three additional bedrooms and a full hall bathroom offer ample room for family or guests.
The finished lower level provides even more living space, complete with a large recreation room, an additional bedroom with an egress window, a full bathroom, a laundry area, and ample storage space. Notable upgrades include: Gleaming hardwood floors throughout, 200-amp electrical service, energy-efficient heat pump, new paver-lined driveway, in-ground sprinkler system, new septic system, two car garage, and oversized paver patio perfect for outdoor entertaining.
All this, just minutes from shopping, parks, and Smithtown schools.
Don't miss this rare opportunity to own a turnkey home in one of the area's most desirable 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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017