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15592 Iron Spring Lane
About This Property
The entire first floor features elegant hardwood flooring, complemented by crown molding and plantation shutters throughout. The modern gourmet kitchen is designed for both everyday living and entertaining, showcasing granite countertops, a center island, walk-in pantry, recessed lighting, and an open-concept layout that flows seamlessly into the inviting family room with a cozy fireplace.
Upstairs, the spacious primary suite features a walk in closet and a luxurious ensuite bathroom complete with a separate shower and an oversized soaking tub, creating the perfect retreat.
Residents enjoy access to a community playground and the security of a gated neighborhood. Conveniently located near Summit High School, the Community Sports Center, neighborhood parks, walking trails, golf courses, and premier shopping and dining destinations, including Victoria Gardens, this home offers the perfect blend of comfort, style, and convenience.
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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 8, 2026 | Sold | ||
| Sold | |||
| Sep 7, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2026 | Listed by New Star Realty & Inv. | $839,000 | |
| Listed by New Star Realty & Inv. | |||
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About Citrus Heights South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017