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48 William Penn Drive
About This Property
The inviting floor plan provides spacious living space throughout, including a large living room with a fireplace, formal dining room, den, and updated eat-in kitchen that is perfect for everyday living and entertaining alike. Two additional guest bedrooms and a full bath complete the main level.
The partially finished basement expands the home's versatility with recreation room used as a game room and office, offering endless possibilities to fit your lifestyle. Car enthusiasts and hobbyists alike will appreciate the oversized 2-car garage that is sure to impress.
Outside you will enjoy beautifully landscaped grounds, a welcoming front porch, and a large screened patio that seamlessly extends your living space outdoors and storage shed. Additional updates include windows, roof, Frontier System 2000 Energy Kinetics heating system, hot water heater, garage door openers, vinyl fencing, and flat roof providing peace of mind for years to come.
A great opportunity to own this updated ranch in one of Stony Brook's desirable locations. Conveniently located near Stony Brook Village, beaches, parks, shopping, dining, and Stony Brook University.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017