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9 Archer Drive
About This Property
Enjoy cozy evenings in the inviting living room with fireplace, large family room with sliders to yard, or possible bedroom. Beautifully renovated bathrooms offer a spa-like feel, including a luxurious free-standing soaking tub. Upstairs, you'll find three generously sized bedrooms filled with natural light and comfort.
Ideally located close to charming Old Stony Brook Village, beautiful local beaches, the harbor for kayaking and canoeing, scenic nature preserves, and the Long Island Rail Road. Convenient to Stony Brook University and Stony Brook University Hospital, this exceptional home offers the perfect blend of elegance, convenience, and the very best of Stony Brook charm. Possible accessory apartment with proper permits.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017