1118 Mill Springs
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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 |
|---|---|---|---|
| Nov 28, 2023 | Sold | ||
| Sold | |||
| Oct 20, 2023 | Listed by Redfin Corporation | $775,000 | |
| Listed by Redfin Corporation | |||
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Gorgeous residence nestled in the vibrant heart of Richardson, within walking distance to UTD and mere minutes away from major highways and toll roads. This two-level residence includes the primary bedroom and an additional bedroom on the main floor. The primary suite, offers direct access to the backyard. A charming barn door takes you to the stunning ensuite bathroom featuring a spacious walk-in closet, a luxurious spa-like tub, and a separate robust shower a great place to unwind. The kitchen boasts stainless steel appliances, elegant marble countertops, convenient pot and pan drawers, a pull-out trash can, and ample space for preparing incredible meals, making it a chef's dream workspace. Enter into the serene backyard adorned with mature trees, a deck, sprinkler system, a shed, excellent privacy fencing, and an electric gate for added convenience and security! Head upstairs to discover two bedrooms, a bathroom, and a versatile flex space that you can personalize to your liking!
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| Jul 22, 2022 | Sold | ||
| Sold | |||
| Jun 27, 2022 | Listed by Real Estate Reformation | $699,000 | |
| Listed by Real Estate Reformation | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017