1216 Springline Drive
About This Property
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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 30, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Aug 7, 2024 | Listed by Real Brokerage Technologies | $499,000 | |
| Listed by Real Brokerage Technologies | |||
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Beautifully upgraded home in Palmdale. Home is Immaculate with a luxury kitchen and bathrooms. 1216 Springline is move-in ready and is centrally located, minutes from the 14 fwy making it a prime location for those needing to commute to the San Fernando Vally or Los Angeles. Home is a desirable single story, with nearly 1600 square feet of living space on a huge 11,700 sqft. lot that is beautiful manicured. Home also features a long driveway to park several cars or an RV / Travel trailer. Home is close to schools, restaurants, and shopping as well. Come tour this home ASAP.
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About Palmdale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017