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64 Patchogue Drive
About This Property
Step inside to a spacious entry foyer that leads to hardwood floors throughout much of the main level. The inviting living room showcases a bay window, custom built-in shelving, and recessed lighting. Entertain with ease in the formal dining room and the beautifully updated eat-in kitchen featuring two-tone cabinetry, granite countertops, soft-close cabinets with pull-out shelving, and an abundance of cabinet and counter space.
Just off the kitchen is a stunning den with vaulted beamed ceilings, a wood-burning fireplace, and sliding glass doors leading to the backyard, creating the perfect gathering space year-round. The primary suite offers a private full bath and dressing area, while two additional bedrooms and a full bath with double vanity and tub complete the main level.
The full finished basement provides exceptional additional living space, ideal for a recreation room, home office, gym, or guest area. With ample closet space throughout, modern updates, and a desirable layout, this move-in-ready home offers everything today's buyers are looking for.
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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