150 Spring Street
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 |
|---|---|---|---|
| Oct 21, 2025 | Sold | ||
| Sold | |||
| Sep 12, 2025 | In contract | - | |
| In contract | |||
| Jun 21, 2025 | Price Decreased |
$145,000
↓ $5K
(3.3%) | |
| Price Decreased | |||
| May 12, 2025 | Listed by Mark Spain Real Estate | $150,000 | |
| Listed by Mark Spain Real Estate | |||
| | |||
|
Investor Special – Great Rental Opportunity in Newnan!
Don’t miss this cozy 1-bedroom, 1.5-bath home at 150 Spring St, Newnan, GA. With a little TLC, this property could become an excellent income-producing rental or a low-maintenance residence. The home offers a practical layout and sits on a nice lot with convenient access to downtown Newnan, shopping, dining, schools, and major highways. Its size and location make it an ideal option for tenants seeking affordability and proximity to the city. Sold As-Is – perfect opportunity for investors looking to expand their rental portfolio!
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| Jan 30, 2025 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017