97 Highland Avenue
About This Property
Two bedrooms and a full bath are conveniently located on the first floor, while the second floor offers a third bedroom. The full basement provides plenty of room for storage, relaxing, or entertaining, plus a separate laundry room and bilco door access to the backyard. Additional features include natural gas, tankless water heater, ductless air conditioning, hardwood floors, recessed lighting, and 200 amp service.
Outside, enjoy a fully fenced backyard, 3-zone sprinkler system, and a detached 1.5 car garage with electric. The property also includes a second lot extending through to North Prospect Avenue.
Take advantage of close proximity to the neighborhood playground, West Lake, shopping, dining, and entertainment on Main Street, as well as convenient access to the train, Fire Island ferries, and major roadways. This property is all about comfort & lifestyle, just imagine coffee on that porch! 97 Highland has so much to offer, with plenty of room to expand if desired. Come see for yourself!
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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 Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017