6 Stirrup Lane
About This Property
Great potential in this 3-bedroom, 1-bathroom ranch located on a quiet street in Suffolk County. Featuring a spacious living room, eat-in kitchen, and a full basement with a back door entrance-ideal for 4th bedroom and additional living space. The home is in need of updating but offers a large backyard and a fantastic layout, perfect for those looking to make it their own. Conveniently located near schools, parks, and shopping. Don't miss this opportunity-schedule your showing today!
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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