1 Spruce Acres
About This Property
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Cap Rate Calculator
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.
You can learn more about cap rate here .
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 21, 2024 | Sold | ||
| Sold | |||
| Dec 26, 2023 | In contract | - | |
| In contract | |||
| Nov 30, 2023 | Listed by Keuka Lake & Land Realty | $189,900 | |
| Listed by Keuka Lake & Land Realty | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Nov 3, 2020 | In contract | - | |
| In contract | |||
Property Highlights
1 Spruce Acres
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Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
11/30/2023
| |
2 Bed
|
2 Bath
|
-
|
$189,900
2 Bed
2 Bath
|
$170,000
-10.48%
02/21/2024
|
-
|
Daniel Morse
Keuka Lake & Land Realty
|
|
09/13/2020
| |
2 Bed
|
2 Bath
|
1100 ft²
|
$135,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
-
|
-
|
Building Info
About Penn Yan
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Nearby Rentals
Data Source: NYSAMLSs, MLS# R1511506
