7 W Oak Street
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 |
|---|---|---|---|
| Jun 12, 2025 | Sold | ||
| Sold | |||
| Apr 22, 2025 | In contract | - | |
| In contract | |||
| Apr 22, 2025 | Price Increased |
$629,999
↑ $80K
(14.6%) | |
| Price Increased | |||
| Mar 31, 2025 | Listed by Dream Select Realty Corp | $549,999 | |
| Listed by Dream Select Realty Corp | |||
   | |||
|
Charming Cape-Style Home in Islip, NY – Move-In Ready! Beautifully maintained Cape-style home in the heart of Islip, New York! Featuring three bedrooms and two full bathrooms, this residence offers ample space and versatility for comfortable living.
This home features two full kitchens, perfect for extended family, entertaining, or potential rental opportunities (buyers should check local zoning for proper permits). The full finished basement provides ample space, ideal for a recreation room, home office, or guest suite. with outside entrance.
Updates include a roof replacement 10 years ago, and most appliances updated, and flooring. The home is powered by efficient natural gas, ensuring cost-effective heating and cooking.
Located in a desirable neighborhood, this home is close to local amenities, parks, shopping, and major transportation routes. Don’t miss this opportunity.
| |||
| Jul 12, 2018 | Sold | ||
| Sold | |||
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About Islip
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017