$330,000
●
House -
Off Market
7 Lafayette Avenue
Brookhaven, NY 11950
3 Beds
1 Bath
$1,956
Est. Monthly
About This Property
Welcome to an outstanding investment opportunity in Mastic. This
cape-style home, featuring 3 bedrooms and 1 bath, comes with a
current tenant in place until next January. The property is Section
8 approved, and the approval seamlessly transfers with the house,
offering a hassle-free investment transition for the new owner
(reapplication for the rental permit required). This property is a
smart choice for investors seeking value and potential. The
functional layout creates a warm and inviting atmosphere, making
this home an ideal residence for tenants. One of the key advantages
of this investment is its Section 8 status, providing a steady
income stream and increased stability. The new owner will need to
reapply for the rental permit, and with the existing tenant in
place until next January, you can enjoy immediate returns on your
investment. Benefiting from low taxes, this property enhances its
appeal as an attractive investment opportunity.
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$237
HOA Dues
-
Year Built
1927
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (OneKey MLS #KEYL3528161)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 28, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | In contract | - | |
| In contract | |||
| Jan 29, 2024 | Listed by RE/MAX Integrity Leaders | $350,000 | |
| Listed by RE/MAX Integrity Leaders | |||
| | |||
|
Welcome to an outstanding investment opportunity in Mastic. This cape-style home, featuring 3 bedrooms and 1 bath, comes with a current tenant in place until next January. The property is Section 8 approved, and the approval seamlessly transfers with the house, offering a hassle-free investment transition for the new owner (reapplication for the rental permit required). This property is a smart choice for investors seeking value and potential. The functional layout creates a warm and inviting atmosphere, making this home an ideal residence for tenants. One of the key advantages of this investment is its Section 8 status, providing a steady income stream and increased stability. The new owner will need to reapply for the rental permit, and with the existing tenant in place until next January, you can enjoy immediate returns on your investment. Benefiting from low taxes, this property enhances its appeal as an attractive investment opportunity.
| |||
| Jul 19, 2017 | Sold | ||
| Sold | |||
| Feb 13, 2017 | Listed by RE/MAX Integrity Leaders | $149,000 | |
| Listed by RE/MAX Integrity Leaders | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Mastic
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Last Updated: 4 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
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