74 N Howells Point Road
About This Property
Several recent improvements provide a fresh start, including newly refinished wood floors, freshly painted interiors, and new flooring in the kitchen, family room, and laundry room. The versatile family room adds valuable living space for relaxing, entertaining, or working from home, while an attached 1-car garage and full unfinished basement provide excellent storage and additional possibilities.
While the home is comfortable and inviting as it stands, there is opportunity for further updating to suit the next owner's style and vision. Outdoors, the fenced backyard holds particularly exciting potential. Once beautifully landscaped, the rear grounds are ready to be brought back to life. With thoughtful attention and restoration, the existing landscape offers an opportunity to recapture its former charm while creating a refreshed outdoor setting for gardens, entertaining, recreation, and summer gatherings. The generous dimensions of the property provide an excellent foundation for creating a private and inviting backyard retreat.
The appeal extends well beyond the property itself. Enjoy the quintessential Bellport Village lifestyle with nearby boutiques, restaurants, galleries, and the Great South Bay, along with Village resident amenities including Bellport Golf Club and the seasonal Whalehouse Point ferry to Ho-Hum Beach on Fire Island.
This wonderful Ranch offers a compelling combination of location, space, recent improvements, and future potential-an inviting Bellport Village home ready for its next chapter and a buyer who appreciates the opportunity to add their own finishing touches inside and out.
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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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About Bellport
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017