48 Highland Avenue
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 14, 2023 | Sold | ||
| Sold | |||
| Jan 25, 2023 | Sold | ||
| Sold | |||
| Nov 10, 2022 | In contract | - | |
| In contract | |||
| Nov 3, 2022 | Listed by Exit Realty Achieve | $375,000 | |
| Listed by Exit Realty Achieve | |||
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Welcome to 48 Highland Ave In Patchogue Village! This Charming Ranch is the Perfect Starter/Retirement Home and is Conveniently Located BeT Main Street in Patchogue and the Popular Town of Blue Point Where You Can Enjoy Village and Waterfront Restaurants, Shops, Shows, Corey Beach, Davis Park Ferry, Shorefront Parks, the Town Pool and More. Meticulously Maintained Both Inside and Out, this Beautiful Home Boasts a Quaint Enclosed Front Porch, Living Room, Dining Room, Kitchen w/Walk In Pantry, Primary Bedroom, Full Bathroom, Bedroom w/Custom Built in Furniture, and Bonus Rm That Can Be Used for a Den, Office, Nursery or Bedroom. Head Downstairs to the Partial Basement which Houses the Laundry Area, Newer Boiler and Ample Space for a Workout and Hobby Areas and Ample Storage Space. Also Featuring a Beautiful Fenced in Back Yard with a Ground Level Deck for Enjoying Summer Nights. The Long Newly Paved Driveway Leads to a One Car Det. Garage w/Att Shed. *HAS GAS T00! *An Absolute Must See!
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| Oct 20, 2022 | Listed by Exit Realty Achieve | $375,000 | |
| Listed by Exit Realty Achieve | |||
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About Patchogue
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Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017