511 Milligan Lane
About This Property
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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 |
|---|---|---|---|
| Nov 13, 2025 | Sold | ||
| Sold | |||
| Sep 12, 2025 | In contract | - | |
| In contract | |||
| Aug 19, 2025 | Relisted | $625,000 | |
| Relisted | |||
| Aug 10, 2025 | In contract | - | |
| In contract | |||
| Jul 16, 2025 | Listed by Signature Premier Properties | $699,999 | |
| Listed by Signature Premier Properties | |||
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Welcome to 511 Milligan Lane in West Islip!! This gorgeous "U" shaped expanded ranch has so much to offer!! Step inside & be greeted by the blue stone entryway, Make your way to a spacious light filled living room, with a stone wall wood burning fireplace. The solid oak flooring leads you into a formal dining area surrounded by picture frame molding. The kitchen offers stainless steel appliances, granite countertops & garbage disposal. No shortage of space and openness with 4 oversized bedrooms, 2 full baths & a bonus family room with high ceilings. The huge basement has a workshop for the hobbyist or craftsman!! Lots of room for extra storage!! Feel secure with filtered water, generator hook-up, 200amp electric & a 6 year young central air system. Entertaining has no limits when you are outside on the multilevel decking, complete with firepit, pergola & outdoor screen hook up. Close to all transportation, shopping & beaches!!
This home is a must see!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017