For SaleRisky Deal12 days on market
351 Forest Lane
351 Forest Lane, Smithtown, NY 11787, Smithtown, NY 11787
$997,999
Listing Price
351 Forest Lane, Smithtown, NY 11787
Loc: Smithtown, NY
Days Listed
12
Tax Assessed
$8k
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
0.6 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
Cape Codshingle sidingcedar shaketwo-car garagedormer windowscovered porchstone foundationasphalt roofcozytraditionallandscaped lawnresidentialsuburbanwhite trim
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
5.31%
Total ROI
74.2%
Cash Flow
$-765/mo
DSCR
0.85
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-765/mo net cash flow with a 5.3% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Smithtown, NY
- • Long-term capital appreciation corridor
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 |
|---|---|---|---|
| 2026-09-11 | Listed for sale | $997,999 | $457 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $0 | $8,055 |
| 2024 | $0 | $8,055 |
| 2023 | $0 | $8,055 |
| 2022 | $0 | $8,055 |
| 2021 | $0 | $8,055 |
| 2020 | $0 | $8,055 |
| 2019 | $0 | $8,055 |
| 2018 | $0 | $8,055 |
| 2017 | $1,854.14 | $7,255 |
| 2016 | $0 | $7,255 |
| 2015 | $0 | $7,255 |
| 2014 | $0 | $6,955 |
| 2013 | $0 | $6,955 |
| 2012 | $0 | $6,955 |
| 2011 | $0 | $6,955 |
| 2010 | $0 | $6,955 |
| 2009 | $0 | $6,955 |
| 2008 | $0 | $6,955 |
| 2007 | $5,230.06 | $6,955 |
| 2005 | $4,408.19 | $6,890 |
| 2004 | $4,148.53 | $4,295 |
| 2003 | $3,749.45 | $4,295 |
| 2002 | $3,541.78 | $4,295 |
| 2001 | $0 | $4,295 |
| 2000 | $3,495.98 | $4,295 |
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