14438 Spring Creek 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 |
|---|---|---|---|
| Sep 30, 2025 | Sold | ||
| Sold | |||
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| May 25, 2025 | Listed by Berkshire Hathaway HomeServices Chicago | $1,290,000 | |
| Listed by Berkshire Hathaway HomeServices Chicago | |||
| Mar 20, 2020 | Sold | ||
| Sold | |||
| Aug 23, 2019 | Listed by Coldwell Banker Realty | $699,000 | |
| Listed by Coldwell Banker Realty | |||
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Turnkey, mid-century 5BR/2.5BA beach cottage with private pool 4 blocks from deeded beach with great rental history! This charming home has open main level living with hardwood floors, stone fireplace, hardwood floors and updated kitchen. Main floor master with en suite bath, plus two nicely sized bedrooms and updated full bath to share. Screen porch is perfect for summer! Finished lower level walkout includes 2 bedrooms, large living/rec area and coin-op laundry! Step out to sparkling pool and private backyard with huge patio overlooking a wooded ravine. Large deck on upper level is great for grilling out while keeping an eye on the pool. Golf cart-friendly neighborhood is minutes from downtown New Buffalo and just over an hour from downtown Chicago! This is an investment made to enjoy!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017