OFF_MARKETRisky Deal272 days on market

48 River Heights Drive

48 River Heights Drive, Smithtown, NY 11787, Smithtown, NY 11787
$1,595,995

Listing Price

Property image 1
48 River Heights Drive, Smithtown, NY 11787
Loc: Smithtown, NY
Days Listed
272
Tax Assessed
$976k
Lot Size
0.52 acres
Rent Estimate
$6,517/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

6

Accompsett Elementary School

K-5
1.4 mi away
5

Accompsett Middle School

6-8
1.4 mi away
9

Smithtown High School West

9-12
1.6 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
3.60%
Total ROI
7.7%
Cash Flow
$-3,281/mo
DSCR
0.59
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-05-08Price change$1,595,995$332
2026-04-29Price change$1,659,000$346
2026-04-05Price change$1,675,000$349
2026-02-02Price change$1,799,000$375
2025-10-17Price change$1,864,000$388
2025-09-17Price change$1,874,000$390
2025-08-14Listed for sale$1,875,000$391
2001-08-28Sold$373,000$78

Tax History

YearProperty TaxTax Assessment
2024$0$8,395
2023$0$8,913
2022$0$8,913
2021$0$8,913
2020$0$9,629
2019$0$9,629
2018$0$9,629
2017$21,290.91$10,175
2016$0$10,175
2015$0$10,175
2014$0$10,175
2013$0$10,175
2012$0$10,785
2011$0$10,785
2010$0$7,430
2009$0$7,430
2008$0$7,430
2007$12,845.2$7,430
2005$10,679.5$7,430
2004$10,433.3$7,430
2003$9,009.55$7,430
2002$8,311.21$7,430
2001$0$7,430
2000$5,933.04$6,700
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
5
Baths
4
Sq Ft
4,800
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $1,595,995Rent Basis: Observed Comp Model ($6,517/mo)State Tax Benchmark: 1.72% (NY)Hazard Reserve: $465/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
2.37%

NOI: $37,847/yr

Cash-on-Cash Yield
-16.8%

On $367,079 invested

DSCR Ratio
0.38x

Negative debt coverage

5-Yr Leveraged ROI
+10.4%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (1.72% of basis)-$1,399/mo
Homeowner / Hazard Insurance-$465/mo
Vacancy Reserve (5% of rent)-$326/mo
Repairs & Maintenance (10% of rent)-$652/mo
Property Management (8% of rent)-$521/mo
Total Pure Operating Expenses-$3,363/mo
Net Investor Cash Flow
Gross Scheduled Rent+$6,517/mo
Less: Operating Expenses-$3,363/mo
Net Operating Income (NOI)+$3,154/mo
Less: Debt Service (30yr @ 6.75%)-$8,281/mo
Net Cash Flow
$-5,127/mo
$-61,528/year
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48 River Heights Drive | Smithtown, NY | Haven AI Analysis | Haven by ScoutHavens