8 Lower Road
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 |
|---|---|---|---|
| Oct 4, 2024 | Sold | ||
| Sold | |||
| Aug 23, 2024 | Price Increased |
$740,000
↑ $90K
(13.9%) | |
| Price Increased | |||
| Aug 20, 2024 | In contract | - | |
| In contract | |||
| Aug 15, 2024 | Listed by Signature Premier Properties | $649,999 | |
| Listed by Signature Premier Properties | |||
| | |||
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Welcome to 8 Lower Road.........This Custom Ranch features an Updated Eik,Living Room,Dining Room,Den ,plus an Additional Bonus Room(Can be an office or additional Den),3 Bedrooms,Updated Baths,Hardwood Floors,A finished Basement W/Summer Kitchen,An oversized 2 car garage,200 Amp Electric,Updated Oil Burner(Gas on Street),Central Air Conditioning (2020), Permanent Generac Generator,Andersen Windows & Doors,Vinyl Siding, Newly Paved Driveway,Paver Walk Ways,Large Paver Patio ,Huge Garden Shed & IGS-Set on a beautiful 1/2 Acre of professionally Landscaped Property located on a Quiet Dead End Street in North Smithtown!
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| Nov 23, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017