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12151 CAVERN ROAD
About This Property
The home features solar panels on the roof to help with energy costs. However, the interior will require significant updates, including new flooring throughout (currently green carpet and tile) and likely paint and modernizing in the kitchen and baths. This is a 'blank canvas' property being sold as-is, perfect for those looking to build equity through renovations. No HOA or CDD fees to worry about. If you are looking for a project with great bones in a solid neighborhood, this is it
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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 |
|---|---|---|---|
| Jul 9, 2026 | Sold | ||
| Sold | |||
| Apr 7, 2026 | In contract | - | |
| In contract | |||
| Mar 31, 2026 | Listed by JOSEPH WALTER REALTY LLC | $278,000 | |
| Listed by JOSEPH WALTER REALTY LLC | |||
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About Spring Hill
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$1,295 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017