Jason Morano
Jason Morano
Text: (631) 816-0203
BEDS2
BATHS1 full 1 partial
SQUARE FEET1,008
MLS#931492
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONCalverton Hills
SCHOOLRiverhead
Property Description
Turn-Key Investment Opportunity with Immediate Cash Flow!Attention investors: This tenant-occupied property is ready to start earning from day one. With a solid monthly rental income of $2,542-of which $2,541 is reliably direct-deposited through Section 8-this is a low-maintenance, high-consistency addition to your portfolio. Tenant covers the remaining $61 per month, and the property delivers a strong 7% cap rate.Whether you're expanding your portfolio or securing your first rental, this income-producing asset offers built-in stability and immediate returns.
Property Features
Property Type: Residential - Single Family
Basement: None
Cooling: Central Air
Heating: Electric, Forced Air
Lot Size: 0.02 Acres
Taxes: $2,464
Year Built: 1970
Amenities
Formal Dining
Galley Type Kitchen
Feature Descriptions
Appliances: Electric Water Heater
Association Fee: $350/Monthly
Association Fee Includes: Sewer, Water
Attic: Scuttle
Days on Site: 171
Exterior: Frame
Formal Dining: Yes
Number Of Kitchens: 1
On Market Date: 2025-11-04
Parcel Number: 0200-357-00-03-00-036-000
Parking Features: Assigned, Parking Lot
Patio And Porch: Deck
Property Attached Y/N: 1
Rental Term: Monthly
Rooms Total: 5
Sewer: Shared Septic
Utilities: Electricity Available
Water: Public
Local Schools
High School: Riverhead Senior High School
Middle School: Riverhead Middle School
Elementary School: Phillips Avenue School
School District: Riverhead
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Estimated Payment
$ 998.26 per month $701.05 Principal & Interest $205.33 Property Tax $91.88 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Signature Premier Properties
Agency Contact: 631-642-2300
Shown By
Agent Name: Jason Morano
Agent Phone:
Agency Title: Laffey Real Estate
231 Hill Rise | MLS# 931492
This single family home located at 231 Hill Rise, Calverton, NY 11933 is currently listed for sale with an asking price of $315,000. This property was built in 1970 and has 2 bedrooms and 1 full and 1 partial baths with 1008 sq. ft. Hill Rise is located in the Calverton Hills subdivision within the Riverhead school district. Search Calverton Hills real estate on jasonmorano.laffey.com today.