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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 23, 2025 | Sold | ||
| Sold | |||
| Nov 14, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2025 | Listed by Coldwell Banker American Homes | $579,990 | |
| Listed by Coldwell Banker American Homes | |||
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Welcome home to this beautifully maintained ranch situated on a corner, fully fenced lot with a covered front porch. The kitchen offers stainless steel appliances including a new dishwasher, gas cooking and is open to the dining area, den and living room. Features include a new driveway (2025) for 4 cars and accessable from the side road for easy access, new central air (2025), natural gas heat, vaulted ceilings with wood beams and skylights, gleaming hardwood floors, and a cozy wood-burning fireplace, 7 zone inground sprinklers, 200 amp service, roof (2010), LED hi-hats, Washer & Gas Dryer (2022), Stainless Chimney Liner (2023), Attic with pull down stairs, Cesspool with overflow and serviced in 2024, 20' x 30' deck with outdoor speakers, full basement, shed, and a reverse osmosis water filtration system. This home is conveniently located near the Main Street shops and restaurants, Shorefront Park, and the Davis Park Ferry. Don't miss this one! Basic STAR savings is $967.94
| |||
| Jul 25, 2019 | Sold | ||
| Sold | |||
| May 23, 2019 | In contract | - | |
| In contract | |||
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About Patchogue
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Data Source: OneKey MLS
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