4 Concord Lane
About This Property
Andersen sliders lead to a large deck overlooking the fully fenced backyard featuring an in-ground pool with a cuddle cove and diving board, PVC fencing, paved patio space, shed, and 6-zone in-ground sprinkler system. Additional highlights include vinyl siding with brick accents, gas heat and cooking, 200-amp electric service, pull-down attic storage, and an electric garage door opener.
The lower level offers a spacious den, additional bedroom, office/potential fifth bedroom, full bathroom, kitchenette area, laundry area with washer and dryer, walk-in closet, mudroom, egress window, under-stair storage, and its own separate entrance. Ideal space for caretaker suite, multigenerational, guests or work-from-home needs. Conveniently located less than 3 miles from the LIRR and minutes from shopping, dining, highways, and outdoor recreation including Caleb Smith State Park Preserve, and Blydenburgh County Park.
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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 Smithtown
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$8,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017