109 Springfield Lane
About This Property
Inside, soaring ceilings and expansive windows create an airy, light-filled atmosphere. The open-concept design connects the living room, dining area, and kitchen, making it ideal for everyday living and entertaining. The kitchen features marble countertops, a farmhouse sink, stainless appliances, and an oversized island. A walk-through butler's pantry with shelving and counter space connects to the laundry room, adding storage and convenience. Furnishings Optional!!
The split floor plan ensures privacy, with the primary suite set apart as a retreat. Here you'll find his-and-hers closets and a spa-inspired bathroom with a deep soaking tub, dual vanities, and large windows. Two additional bedrooms and a full bath on the opposite side of the home provide space for family, guests, or a home office.
A striking spiral staircase leads to the loft, a versatile bonus area ideal for a media room, creative studio, or playroom. Outdoor living is equally inviting, with a welcoming front porch, covered back patio, and acreage dotted with mature oak trees-perfect for gardening, entertaining, or simply enjoying peaceful Texas evenings.
This property is being sold as-is and is currently operated as a short-term rental, giving buyers the option to continue as an income-producing Airbnb or transition it into their own residence!
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 8, 2026 | Price Decreased |
$642,000
↓ $18K
(2.7%) | |
| Price Decreased | |||
| Jul 13, 2026 | Price Decreased |
$659,500
↓ $4K
(0.7%) | |
| Price Decreased | |||
| Jun 8, 2026 | Price Decreased |
$663,800
↓ $1K
(0.2%) | |
| Price Decreased | |||
| May 1, 2026 | Price Decreased |
$665,000
↓ $3K
(0.4%) | |
| Price Decreased | |||
| Apr 7, 2026 | Price Decreased |
$667,800
↓ $1K
(0.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017