75 Elm Avenue
About This Property
A cozy den featuring Patagonian rosewood floors and a high end Jotul wood-burning stove overlooks the yard, creating a warm, inviting retreat. The second floor offers convenient hallway laundry and a primary suite with a newly renovated bathroom. A permanent staircase leads to a finished third-floor fourth bedroom-ideal for guests, work/office, or flexible living. Additional highlights include a finished basement with outside entrance, rear deck with retractable awning overlooking a flat/usable fenced yard, two-zone central air, 200-amp electric, solar panels, and efficient natural gas heating. Located just 0.3 miles from Smithtown Main Street, you'll enjoy easy access to local restaurants, shops, LIRR, Brady Park, Millers Pond, and everyday conveniences while coming home to a peaceful residential setting. A rare blend of craftsmanship, smart upgrades, and location-driven lifestyle. Smithtown school district. Taxes 14,028.
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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 Smithtown
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$2,880 /mo
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$5,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017