16838 Spruce Run 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%.
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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 |
|---|---|---|---|
| Dec 1, 2023 | Sold | ||
| Sold | |||
| Oct 11, 2023 | Listed by Corcoran Prestige Realty | $310,000 | |
| Listed by Corcoran Prestige Realty | |||
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Move-in ready, spacious backyard,5 bedrooms with 3 downstairs and 3 full baths one upstairs, high ceilings, close to 249 on a corner lot home nestled within a welcoming and appealing community. The home features a 1-year-old roof and driveway. A new fence that is 1 1/2 old, fully renovated kitchen, with shaker-style cabinets, and pot filler. high capacity vent, gorgeous tiles, and backsplash, custom cabinets. One of the bathrooms was renovated as well. New carpet in primary room and one downstairs room. Recently new sod was added in the backyard, french drains so no worry about ponding water. The home has so much to offer two A/C units vertically split for top/bottom areas one of the units was replaced in Sept 2020. The garage even has a huge storage space! The neighborhood pool and tennis courts are within walking distance. Nice quiet neighborhood Zone to Klein school district.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017