40 Roy Drive
About This Property
Inside, experience an open-concept layout with a bright, airy atmosphere, highlighted by a beautifully updated eat-in kitchen with granite countertops and stainless steel appliances opened up to the spacious dining area. Step from the dining area into an inviting extended den, highlighted by a cozy wood-burning fireplace and sliders opening to the backyard. The generously sized primary bedroom impresses with soaring cathedral ceilings, a private ensuite, and abundant closet space. This home further offers updated bathrooms, a finished partial basement, central air conditioning, an in-ground sprinkler system, a recently replaced roof, stylish vinyl siding with stone detailing, a charming covered front porch, premium Andersen windows, robust 200 amp electrical service with a 30 amp generator hookup, and a fire/burglar alarm system for enhanced security.
Located in the highly sought-after Smithtown School District and just moments away from shopping, highways, the LIRR, schools, and parks, this home offers both convenience and luxury. Don't miss your chance to make this dream home yours !!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 20, 2025 | Sold | ||
| Sold | |||
| Apr 9, 2025 | In contract | - | |
| In contract | |||
| Mar 27, 2025 | Listed by Coldwell Banker American Homes | $879,900 | |
| Listed by Coldwell Banker American Homes | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017