6 Holly Lane
About This Property
Major updates include a fully renovated interior completed in 2014, conversion from oil to gas and a new heating system installed in 2016, upgraded 200AMP electrical service, a beautifully built deck added in 2017 to enhance outdoor living space, and a brand-new roof installed in 2020.
Exterior features include a private driveway with an attached garage, and a generous 10,375 sq ft lot.
Perfectly situated in a highly convenient location, the home is within a 10-minute walk to Whole Foods Market, CVS Pharmacy, and the Jericho Public Library, offering exceptional everyday convenience. Also conveniently located near shopping, dining, transportation, and within the highly rated Jericho School District.
A wonderful opportunity to own a move-in ready diamond-condition home in one of Long Island's most sought-after communities.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017