1231 Spinnaker Road
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 |
|---|---|---|---|
| Sep 15, 2026 | Sold | ||
| Sold | |||
| Aug 18, 2026 | In contract | - | |
| In contract | |||
| Aug 13, 2026 | Listed by Luxury Lake Oconee Real Estate | $675,000 | |
| Listed by Luxury Lake Oconee Real Estate | |||
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Jun 13, 2024 | Listed by Algin Realty, Inc. | $625,000 | |
| Listed by Algin Realty, Inc. | |||
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New construction at Lake Oconee! Beautiful Craftsman style home located in the upscale gated community of Sailview at Lake Oconee. You'll love this 4 bedroom/3 bath home with a split bedroom plan. Many upgrades throughout the home including a custom kitchen with a large island/seating area, eat-in breakfast area, family room with vaulted ceiling and fireplace and a flex room to use as you please. Upgraded lighting, tiled bathrooms, covered rear porch and more! The spacious owners suite also includes dual vanities in the bath and a large walk in closet that conveniently connects with the oversized laundry/mud room. The gated community boasts a beach, playground, walking trails along with community docks and a large common space for entertaining and events. Easy access to I-20 at the Buckhead Exit. Sugar Creek Marina is around the corner with access to gas and supplies. Stock photos used, plan may be modified. Estimated completion date is July 31, 2024.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017