17 Spring Lane
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 |
|---|---|---|---|
| Mar 10, 2005 | Sold | ||
| Sold | |||
| Dec 6, 2004 | Listed by Boardwalk Real Estate | $349,900 | |
| Listed by Boardwalk Real Estate | |||
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Land includes 6 rm residential dwelling on septic and a 2 story 2 level garage. Seller will not accept a builder approval contingency. *** Price is $349,900 PLUS $50,000 for future developement of each house lot or $30,000 for future developement of each condo unit.
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