46
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306 Smith Road
About This Property
Tucked away on over an acre of property in Ronkonkoma/Sachem Schools, this home feels both private and connected. The main house opens into a large living room where the fireplace, hardwood floors and crown molding give the space a classic warmth. The flow carries naturally into a dining area and an eat in kitchen where you have granite countertops and stainless steel appliances. Two beautifully renovated bathrooms complement the three bedrooms, and central air keeps every corner comfortable year-round. A large basement and two-car garage add practical storage and flexibility, while the homes curb appeal makes a strong first impression. There is also central vac for extreme convenience.
Beyond the main residence, a legal accessory apartment offers even more versatility-a spacious one bedroom layout with its own office space, full bath, large living room, eat in kitchen, hardwood floors and recessed lighting. The apartment has its own basement, central air, heating system, electric, laundry and central vac. A deck provides a separate outdoor retreat.
Set close to the airport and train station, this property balances seclusion with convenience, offering room to grow, entertain or adapt to any life changes. Home also has inground sprinklers, new roof and andersen windows. Separate electric for the apartment.
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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