15702 Spring Forest Drive
About This Property
The large, fenced backyard is perfect for outdoor entertaining and play, offering ample space for children and pets to roam freely. With its modern upgrades, this home is move-in ready and has been meticulously maintained, making it an excellent value. Located less than 1/2 mile from a park and green belt, tennis courts, and a community swimming pool, this home is perfect for those who love to stay active and enjoy the outdoors. Don't miss your chance to own this super cute and well-located home in Clear Lake Middlebrook.
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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 |
|---|---|---|---|
| May 9, 2023 | Sold | ||
| Sold | |||
| Mar 28, 2023 | Listed by eXp Realty, LLC | $283,000 | |
| Listed by eXp Realty, LLC | |||
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About Clear Lake
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Last Updated: 4 months ago
Data Source: HAR , MLS# 38388476
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