For SaleRisky Deal4 days on market
355 Forest Lane
355 Forest Lane, Smithtown, NY 11787, Smithtown, NY 11787
$899,000
Listing Price
355 Forest Lane, Smithtown, NY 11787
Loc: Smithtown, NY
Days Listed
4
Tax Assessed
$6k
Lot Size
0.50 acres
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.
5
Forest Brook Elementary School
PK-5
0.3 mi away
5
Hauppauge Middle School
6-8
0.7 mi away
9
Hauppauge High School
9-12
0.7 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
colonial-revivaltwo-storydetached-garagevinyl-sidingcovered-front-porchstone-veneer-accentpaved-drivewaylandscaped-lawnsuburbansingle-family-homewell-maintainedcurb-appeal
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.72%
Total ROI
83.1%
Cash Flow
$-382/mo
DSCR
0.92
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-382/mo net cash flow with a 5.7% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.7%)
- • Strong rental demand in Smithtown
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-19 | Listed for sale | $899,000 | $522 |
| 2026-05-18 | Sold | $346,750 | $201 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $0 | $5,545 |
| 2024 | $0 | $5,545 |
| 2023 | $0 | $5,545 |
| 2022 | $0 | $5,545 |
| 2021 | $0 | $5,545 |
| 2020 | $0 | $5,545 |
| 2019 | $0 | $5,545 |
| 2018 | $0 | $5,545 |
| 2017 | $1,175.74 | $5,545 |
| 2016 | $0 | $5,545 |
| 2015 | $0 | $5,545 |
| 2014 | $0 | $5,545 |
| 2013 | $0 | $5,545 |
| 2012 | $0 | $5,545 |
| 2011 | $0 | $5,545 |
| 2010 | $0 | $5,545 |
| 2009 | $0 | $5,545 |
| 2008 | $0 | $5,545 |
| 2007 | $2,764.67 | $5,545 |
| 2005 | $2,457.88 | $5,545 |
| 2004 | $2,270.57 | $5,545 |
| 2003 | $2,020.04 | $5,545 |
| 2002 | $1,779.42 | $5,545 |
| 2001 | $0 | $5,545 |
| 2000 | $1,517.76 | $5,545 |
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